IBC Reveals Massive Ontario Storm Damage Total (Insurance Business)

IBC Reveals Massive Ontario Storm Damage Total

  Tuesday, December 15th, 2020 Source: Insurance Business

The Insurance Bureau of Canada (IBC) has revealed that the storm that hit southern and central Ontario in November 15, 2020, caused $87 million in insured damage.

IBC cited data from CatIQ, adding that most of the damage was to personal property.

The November 15 storm hit the Greater Toronto and Hamilton Area, Niagara region, Muskoka region, and the Lake Erie and Lake Ontario shorelines.

The weather event led to wind gusts in numerous areas, with speeds exceeding 100km/h, which caused damage to properties. The storm also caused localised heavy downpours, which led to significant lakeside flooding.

During the period, a tornado also developed in northern Georgetown, with speeds reaching 135km/h. That tornado, IBC said, damaged many trees and some roofs.

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