The Insurance Bureau of Canada says that the remnants of Tropical Storm Debby that hit Quebec on August 9 and 10 did more expensive damage than the 1998 ice storm.
In another story of water damage, unrelated, the August 16 water main break did millions of dollars in damage to Cirque Eloize’s equipment, costumes and archives, stored on Notre‑Dame Street in the area. Its founder blames the city for the incident.



bob 20:04 on 2024-09-14 Permalink
Not true.
1. This is essentially a press release from an insurance industry association which mentions only “insured losses” – it is not an estimate of the cost of the damage, it is a sum of claims against insurance companies, and an attempt to link profiteering in insurance premiums to the unassailable issue of climate change.
2. The ice storm caused at least $2 billion in damage in 1998 dollars, which is about $3.5 billion now, and that doesn’t take into account weeks of losses from the economy being essentially shut off, and years of losses due to permanent damage (e.g., to apple and maple trees). Putting the power grid alone cost over $1 billion ($1.75 billion today)
Kate 11:11 on 2024-09-15 Permalink
Thank you, bob.