5 March 2019 11:30
The winter storm which took place from 23 to 25 January in eastern Canada has caused 39 million dollars ($M) in damages, indicate data of Catastrophe Indices and Quantification (CatIQ), relayed by the insurance Bureau of Canada (IBC).
According to CatIQ, most of the damage occurred in Quebec ($26 Million), New Brunswick ($11 Million) and Nova Scotia ($2.1 Million) on the 24th of January. The costs amounted to 270 000 $ in l’île-du-Prince-Edouard.
Nearly 60 000 residents across the province have been deprived of electricity, of which 42 000 in Quebec, said Hydro-Québec. Several routes of Montreal have been flooded. There was also a lot of vehicles were submerged in Miramichi, New Brunswick.
In Nova Scotia and New Brunswick, high winds have caused power outages. An apartment building had to be evacuated to Moncton because the winds had ripped part of the roof, attests to the TRAY. Flooding occurred following heavy rain in several regions of southern New Brunswick, leading to evacuations and the closure of roads.
More investment by the governments
“While the cost of the financial of climate change grow, the TRAY is campaigning for all levels of government to invest more to mitigate the future impact of extreme weather and build resilience in the face of their devastating effects,” says the organization.
The TRAY has several recommendations to mitigate the effects of these events, new infrastructure to protect communities from floods and fires, improved building codes, better planning of land use and incentives to stop residential and commercial development in areas at high risk.
3 $ from the government for every dollar insurers
The BAC wishes to recall that the insurers are not the only ones to bear the costs of the damage caused by extreme weather events. “For every dollar paid in insurance claims for homes and businesses, the BAC believes that canadian governments pay $ 3 for the repair of public infrastructure damaged by the bad weather “, he says.