October 11th - 2013

Record property damage claims after summer flood

More than $850 million in insurance claims have been filed following property damage caused by the intense record rainfall and flash floods in Ontario that occurred on July 8, the Insurance Bureau of Canada (IBC) reports.

More than $850 million in insurance claims have been filed following property damage caused by the intense record rainfall and flash floods in Ontario that occurred on July 8, the Insurance Bureau of Canada (IBC) reports. Based on preliminary reports, that event set a record for insured damages and rendered it the most expensive single natural disaster in Ontario’s history. More claims are expected, according to IBC. Visit www.ibc.ca.

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Ontario Real Estate Association

Jean-Adrien Delicano

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