Calgary hailstorm now second-costliest Canadian disaster

Published: Sep 11, 2024 Duration: 00:02:52 Category: News & Politics

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hail storm in Alberta and the estimated damage it caused ctv's Mason DTI is joining us now with more on that good morning uh speaking of poor weather my goodness it's pouring there this morning so tell us about the hail storm it happened back in August and now we're finding out exactly what it cost in terms of insurance claims this morning Mason that's right Marcia the hail storm came on August 5th and pelted the north side of the city it broke Windows damaging one in5 homes flash flooding also submerged vehicles and strong winds waked Havoc at Calgary International Airport the Insurance Bureau C of Canada says 130,000 claims have since been filed since the storm for a total of $2.8 billion now that's a jaw-dropping figure but when you're touring these hard-hit neighborhoods and see the shredded siding on all these homes in the banged up cars it's a lot easier to understand how we got to that total and with that figure in it officially makes it the second costliest natural disaster in Canadian history when looking at that top 10 list Alberta has been hit the hardest among all the provinces by far with half of them happening here right here within the last decade or so at the top of the list is the Fort McMurray wild fires now followed by this hail storm in Marcia the 2013 Southern Alberta floods which saw part of downtown Calgary underwater the 2020 Alberta hail storm and the recent jasber wildfires also rank on that list my goodness the hits just keep coming and we're looking at some of the damage it's just staggering um what's how does this impact insurance companies Mason well they've been working over time I think it's fair to say over the last few months or so here for example Auto Body companies are book solid until the October trying to get all the hail damage fixed the Insurance Bureau of Canada says it was actually a record number of claims this summer driven by four separate weather events that all happened within the span of Just 4 weeks and that's putting a lot of pressure on these companies the Insurance Bureau of Canada says Auto the cost of auto insurance now exceeds what companies are able to sell it for and they're calling on the province to scrap a rate cap they renewed the earlier this year and the province has uh hinted that changes to Insurance are coming this fall but Marcia with companies less and less Keen to do business in the north side of Calgary it's a bit of a worrying scenario for the homeowners like the one behind me that certainly needed oh yeah okay Mason thanks for that update stay dry Mason deep PTI in Calgary Forest this morning

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