Atmospheric river storm causes over $110M in insured damage in British Columbia, highlighting need for flood insurance.

An intense atmospheric river storm in October caused over $110 million in insured damage in British Columbia, leading to significant flooding in Metro Vancouver areas like Coquitlam, Burnaby, and North Vancouver. The Insurance Bureau of Canada (IBC) urges the federal government to fully fund the National Flood Insurance Program to protect high-risk households and reduce disaster costs. Insured losses from severe weather in Canada now regularly exceed $3 billion annually, with this year hitting a record of over $7.7 billion.

November 15, 2024
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