Canada’s summer wildfires, hailstorms and floods have sent costs to insurance companies to unprecedented levels in 2024. According to a statement by the industry collective body, the damages exceeded 8.5 billion Canadian dollars (about 5.7 billion euros). This amount is twelve times the annual average (701 million Canadian dollars) of the decade 2001-2010. The previous record, 6 billion Canadian dollars, was recorded in 2016, a year marked by the Fort McMurray fires, in the central part of the North American country. Just as found in dozens of other countries, 2024 was the warmest year in Canadian history. Scientists often warn that climate change will make extreme weather events more frequent and multiply so-called natural disasters. “Within just two months, in July and August, four catastrophic weather events resulted in insured losses of more than 7 billion. (Canadian) dollars,” he said in a statement […]
Source: News Beast
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