Wednesday, December 8, 2010

Severe weather causes over $700 million in damages.

Damage estimates related to severe weather events and one earthquake in Canada likely topped $700 million in 2010, extrapolating from information contained in Aon Benfield's November 2010 Monthly Cat Recap report.
The report lists damage estimates, both insured and uninsured, related to 10 specific severe storm events and one earthquake in Canada in 2010.
When known damage estimates for the above events are added together, all of these events caused at least $700 million in damages.
However, the total is likely much higher, and may have even approached $1 billion.

http://www.canadianunderwriter.ca/issues/story.aspx?aid=1000395447

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