19
Jan
British Columbia (Rajeev Sharma): Severe storms and flooding that swept across southern British Columbia and parts of Alberta in December have resulted in significant insured damages, with estimates approaching $900 million, according to data from Catastrophe Indices and Quantification Inc. (CatIQ) cited by the Insurance Bureau of Canada (IBC). The Fraser Valley was particularly hard-hit, accounting for roughly $74 million of the losses, primarily affecting homes and businesses. Floodwaters breached borders into Abbotsford-area neighborhoods and farmland, inundating poultry barns and prompting emergency evacuations, reports said. IBC emphasized that these recurring flood events underline the urgent need for the province to…
