‘Unprecedented’: Severe Calgary hail storm caused $2.8 billion in damage last month
The Insurance Bureau of Canada says a severe hail storm that battered Calgary last month is the second-costliest event in Canadian history.
The bureau says the initial damage estimates come from Catastrophe Indices and Quantification Inc., which collects information on losses from disasters.
It says the storm racked up nearly $2.8 billion in insured losses and is second only to the 2016 wildfire in Fort McMurray.
The Aug. 5 storm brought significant hail, strong winds, heavy rain and localized flooding to parts of Calgary, affecting about one in five homes in the city.