Zurich - 31 Mar 2026
CatIQ and PERILS today disclosed their final loss estimate for the ice storm that affected Ontario and Quebec between 28 and 31 March 2025.
The fifth and final estimate, which provides a snapshot of the insurance market one year following the event, is CAD 466 million. The industry loss number covers property (both commercial and residential) and vehicle (motor) claims including additional loss adjustment expenses. CatIQ notes a marginal decrease versus the sixth-month estimate of CAD 490 million issued on 30 September 2025, primarily due to a decline in personal lines losses for Ontario.