Canadian insured losses for 2023 at C$3.1bn, fourth largest for the country: CatIQ
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Canadian insured losses for 2023 at C$3.1bn, fourth largest for the country: CatIQ

Kyoung-son Song
January 08, 2024
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Lower Echo Lake, United States. 31st Aug, 2021. Trees explode in flames during the Caldor fire near Lower Echo Lake, California on Monday, August 30, 2021. The city of South Lake Tahoe is under evacuation orders. Photo by Peter DaSilva/UPI Credit: UPI/Ala

Canadian insured losses from catastrophic events reached C$3bn ($2.24bn) in 2023, making it the fourth-worst year for losses in the country’s history, according to CatIQ.

While no single event drove that number, unlike in the top three years, Canada experienced 23 events that generated insured losses above C$30mn for the 12-month period – a new record.

“Last

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Kyoung-son Song
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