CatIQ reduces 2024 Ontario flash flooding loss estimate by 9% to CAD 899m

Share!

Reinsurance News - Jul 16, 2025

CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its fifth industry loss estimate for the flash flooding that impacted southern Ontario on 15th and 16th July 2024, estimating CAD 899 million. As a reminder, in July 2024, southern Ontario...

Read Full Article

Recommended Articles

Insurance rates continue to climb in Q2’25, according to Novatae Risk Group

Posted: Jul 17, 2025

Insurance rates across the US continued their upward trend in the second quarter of 2025, according...

Warburg Pincus to acquire a majority stake in insurance broker Keystone

Posted: Jul 17, 2025

Keystone, an insurance broker and agency network, announced that growth investor Warburg Pincus, wil...

LMA welcomes UK Gov’s financial services strategy, says Arabella Ramage

Posted: Jul 17, 2025

The Lloyd’s Market Association (LMA) welcomes the UK Government’s Financial Services Growth an...