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2021 Canada's sixth-highest year in insured losses-Insurance Bureau of Canada

BY The Canadian Press, Jan 19, 2022 3:55 PM - REPORT AN ERROR

The Insurance Bureau of Canada says this year's floods in B-C helped make 2021 Canada's sixth-highest year in insured losses since 1983.

The bureau says insured damage from last year's extreme weather events totalled more than two-billion dollars.

B-C floods were the biggest ticket event at 515-million dollars, followed closely by Calgary's 500-million-dollar hailstorm in July.

2016 remains the most expensive year on record at five-point-four billion in insured damage, due in large part to the Fort McMurray wildfires.

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