CALGARY, Sept. 12, 2012 /CNW/ - There is new data from Insurance Bureau
of Canada (IBC) on the estimated insured damages caused by the two most
recent serious storms in Alberta. Combined, these two storms amounted
to over an estimated $200 million in insured damages.
The larger of the two storms occurred August 12th when large hail pelted parts of the region around Calgary during a
severe thunderstorm. There were reports of hail five to six centimeters
in diameter in some cases. The storm also brought heavy rain and
The second event hit southern Alberta late in the day on July 26th. The
fast moving hailstorm damaged cars and homes and left a path of damage
from the town of Cardston to Nanton.
These figures are preliminary estimates reported by Property Claim
Services Canada (PCS-Canada), a service that tracks insured losses
arising from catastrophic events in Canada. Data collected by
PCS-Canada confirms that thousands of claims have been filed for damage
to homes, cars and businesses in the wake of the storm.
Coupled with a report from Edmonton following a wind and rain event in
early July, the three occurrences exceed $300 million in insured losses
for 2012 alone. A wind and rain storm last November caused an
additional $200 million in insured damages.
"$500 million in losses in less than a year is staggering. Alberta has
had more than its share of damaging storms this summer," said Heather
Mack, IBC's Alberta Director of Government Relations. "But it is also
encouraging to know our insurers are there to help people when they
need it most. For those Albertans still looking for answers or if they
need help with their insurance questions, please call our Consumer
Information Centre at 1-800-377-6378," adds Mack.
About Insurance Bureau of Canada
Insurance Bureau of Canada is the national industry association
representing Canada's private home, car and business insurers. Its
member companies represent 90% of the property and casualty (P&C)
insurance market in Canada. The P&C insurance industry employs over
114,000 Canadians, pays more than $7 billion in taxes to the federal,
provincial and municipal governments, and has a total premium base of
To view media releases and information, visit the media section of IBC's
website at www.ibc.ca and for IBC on Twitter follow @insurancebureau.
SOURCE: INSURANCE BUREAU OF CANADA
For further information:
or to schedule an interview, contact:
Media Relations Officer
Insurance Bureau of Canada
416-362-2031 ext. 4312