Severe weather drove more than $2.4 billion in insured losses across Canada in 2025, ranking it the tenth costliest year on record, according to CatIQ. Major events included ice storms in Ontario and Quebec, wildfires in Manitoba and Saskatchewan, hailstorms in Alberta, Prairie-wide severe storms, and flooding in British Columbia. With annual insured losses now routinely exceeding $1 billion, insurers are urging governments to accelerate investments in resilience, infrastructure, land-use planning, and building codes to reduce future disaster costs.
