2016 broke record for damage caused by natural disasters

Categories: Big picture
Published on: January 10, 2017

Toronto Star / Peter Goffin / 09 January 2017

Canada’s insurance industry is calling on all levels of government to improve climate-change preparedness, after a record-breaking year of damage caused by natural disasters.

The Insurance Bureau of Canada says $4.9 billion in insurable damage was caused by natural disasters such as wildfires, floods and ice storms across the country in 2016.

It’s the most ever in a single year.

Damage costs have increased steadily since the 1980s, says the IBC.

They are expected to keep growing.

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