Severe weather caused more than $2.4-billion in insured damage in 2025

Insured damages caused by severe weather last year topped $2.4-billion, the Insurance Bureau of Canada says.

According to calculations by Catastrophe Indices and Quantification Inc., the March ice storm in Ontario and Quebec topped the list of most expensive weather events in 2025, followed by May wildfires in Manitoba and Saskatchewan, and storms across the Prairies in August.