The Insurance Bureau of Canada (IBC) reports that the ice storm that affected southern Ontario in mid-April resulted in hundreds of millions of dollars in insured damages.
Citing data from Catastrophe Indices and Quantification Inc. (CatIQ) the bureau reported that the storm caused over $190 million in insured damage. CatIQ also noted that more than 15,000 insurance claims were filed in the province as a result of the ice storm – 1,800 of those claims were for car collisions. Most of the claims occurred in Ontario, including the GTA.
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