Insurance Bureau of Canada says the storm was the most costly weather event ever recorded on east coast, with initial estimates at $600M
The Insurance Bureau of Canada says the storm was the most costly extreme weather event ever recorded in Atlantic Canada in terms of insured damages based on the estimate provided by CatIQ.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
As a result, the bureau says the overwhelming majority of costs for the disaster will be borne by government. The storm made landfall in Nova Scotia on Sept. 24 and ripped through the region, knocking out power to more than 500,000 customers in the Maritimes.This report by The Canadian Press was first published Oct. 19, 2022.
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