Loss Announcement:

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Zurich - 13 Feb 2025

CAD 2,817m – CatIQ and PERILS release industry loss estimate for the flooding from remnants of Hurricane Debby in August 2024

CatIQ and PERILS have today disclosed their fourth industry loss estimate for the flooding related to the remnants of Hurricane Debby that affected Ontario and Quebec between 9 and 10 August 2024.

In their fourth loss report, provided in the form of an industry loss footprint by high resolution CRESTA Zones, CatIQ and PERILS estimate that the event has cost the insurance industry a total of CAD 2,817 million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property and motor line of business.