2021 Western Canada cold snap caused $180M in insurance damages, primarily from personal property and frozen water pipes.
Western Canada's January cold snap caused $180 million in insurance damages, with 70% of claims related to personal property and frozen/burst water pipes. The cold moved in on Jan 12, breaking daily minimum temperature records. The Insurance Bureau of Canada predicts increasing financial costs for insurers and taxpayers as destructive weather events become more frequent and severe.
March 11, 2024
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