The Insurance Bureau of Canada says the latest estimate of the insured property damage from the June flood now exceeds $1.7 billion.
Photo Credit: Jonathan Hayward/Canadian Press

June flooding costliest natural disaster in Canada

Floods ravaging the western province of Alberta caused $1.7 billion dollars in insured property damage this summer making this the costliest natural disaster in Canadian history, says the Insurance Bureau of Canada.

Four people died and 100,000 others were forced from their homes by days of torrential rain, prompting states of emergency in Calgary and several other communities.

This is only the latest estimate of total claims, which are still coming in. Bill Adams, vice-president of IBC’s western and Pacific regions, calls the number staggering.

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