TORONTO, Sept 3 (Reuters) - Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with severe flooding in major cities.

Insured losses from natural disasters averaged C$2.2 billion ($1.63 billion) a year over the last decade, far exceeding the previous decade's average of C$632 million, according to the IBC, which expects escalating losses to continue.

The wildfire in Canadian tourist destination Jasper this year surpassed C$880 million in insured damages, according to initial estimates, IBC said last week.

Here is a list of 10 of the worst annual losses recorded in Canada due to weather events.

Source: Insurance Bureau of Canada, CatIQ

Sign up here.

https://www.reuters.com/business/environment/canadas-10-worst-natural-disasters-totaled-c30-billion-annual-losses-2024-09-03/