Loss Announcement:

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Zurich - 16 Jul 2025

CAD 899m – CatIQ and PERILS release 1-year industry loss estimate for the Southern Ontario Flash Flooding of mid-July 2024

In their fifth loss report, which provides a snapshot of the insurance market one-year post-event, CatIQ and PERILS estimate that the event has cost the insurance industry a total of CAD 899 million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property and motor lines of business.