Loss Announcement:

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CAD 991m – CatIQ and PERILS release industry loss footprint for the southern Ontario Flash Flooding of mid-July 2024

Zurich - 17 Jan 2025

CatIQ and PERILS have today disclosed their fourth industry loss estimate for the flash floods in southern Ontario of mid-July 2024.

In their fourth loss report, provided in the form of an industry loss footprint at CRESTA zone resolution, CatIQ and PERILS estimate that the event has cost the insurance industry a total of CAD 991m million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property and motor line of business.