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Severe weather caused more than $2.4B in insured losses in 2025: insurance bureau

The Insurance Bureau of Canada says insured damages caused by severe weather last year topped $2.4 billion.

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Castanet
Political Correspondent
Published: 1/20/2026
Updated: 1/21/2026
8 min read
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Castanet reports on Severe weather caused more than $2.4B in insured losses in 2025: insurance bureau

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$2.4B in insured losses

The Insurance Bureau of Canada says insured damages caused by severe weather last year topped $2.4 billion.

The bureau says the March ice storm in Ontario and Quebec topped the list of most expensive weather events in 2025, fo...

Tags:Climate ChangeParliamentEnvironmentPoliticsEnergy Policy
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Mike Chen2 hours ago

Finally some real action on climate change. This legislation is long overdue and I hope it passes quickly despite the opposition from oil-dependent provinces.

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Jennifer Walsh3 hours ago

As someone who works in Alberta's energy sector, I'm concerned about the economic impact. The transition fund sounds good in theory but will it actually help workers like me?