Zurich - 12 Aug 2025
CAD 2,806m – 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 fifth 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 fifth loss report, which provides a snapshot of the insurance market one-year post-event by high resolution CRESTA Zones, CatIQ and PERILS estimate that the event has cost the insurance industry a total of CAD 2,806 million. This compares to the fourth loss estimate of CAD 2,817 million, issued six months after the event.
This industry loss figure is based on detailed loss data collected from affected insurers and covers the property and motor line of business.