When post-tropical storm Dorian hit Atlantic Canada on Sept. 7 it causing more than $105 million in insured damage, according to Catastrophe Indices and Quantification Inc.
Seventy per cent of this amount is for damage to personal property, 25 per cent is for damage to commercial property and the remaining amount is for damage to automobiles.
Nova Scotia had insured damage totalling $62.2 million; New Brunswick $22.5 million; Prince Edward Island $17.5 million; Newfoundland and Labrador $2.5 million.
"Hurricane Dorian is another example of how devastating Mother Nature can be" said Amanda Dean, vice-president, Atlantic, Insurance Bureau of Canada. "Last year, insured damage from severe weather across Canada exceeded $2 billion, the fourth-highest amount of annual losses on record. That alarming trend has continued in 2019, with over $1 billion in insured losses recorded already this year."
The insurance bureau is advocating for improved building codes, better land-use planning, incentives to shift the development of homes and businesses away from areas at highest risk of flooding, and investment in new infrastructure to protect communities from floods and fires.
