Zurich - 11 Aug 2026
CAD 2,800m – CatIQ and PERILS release industry loss estimate for the flooding from remnants of Hurricane Debby in August 2024
CatIQ and PERILS have today disclosed their final industry loss estimate for the flooding related to the remnants of Hurricane Debby that affected Ontario and Quebec between 9 and 10 August 2024.
In their sixth loss report, which provides a snapshot of the insurance market two years after the event by high resolution CRESTA Zones, CatIQ and PERILS estimate that the event has cost the insurance industry a total of CAD 2,800 million. This compares to the fifth loss estimate of CAD 2,806 million, issued one year post-event.
This industry loss figure is based on detailed loss data collected from affected insurers and covers the property and motor lines of business.