26-09-2017 09:57 via insuranceinsider.com

Canadian floods generate $100mn insured loss

Significant flooding in Windsor, Canada, during August caused
insured losses of more than C$124mn ($100mn), according to the
Insurance Bureau of Canada (IBC).
The IBC cited loss estimates generated by Catastrophe Indices
and Quantification Inc (CatIQ).
On 28 and 29 August, a slow-moving area of low pressure produced
significant rainfall over areas of southwestern Ontario, bringing
as much as 290mm of rain in some areas, according to the IBC.
This caused major flooding to Windsor, Tecumseh, and o
Read more »