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| The inner city community of Roxboro lies underwater east of 4th Street S.W. and adjacent to the Elbow River during June’s flood. Photograph by: Ted Rhodes Ted Rhodes , Calgary Herald |
Alberta June floods costliest insured natural disaster in Canadian history
Estimate of insured losses top $1.7 billion
By Mario Toneguzzi, Calgary Herald September 23, 2013
CALGARY — The Insurance Bureau of Canada says the estimate of the insured property damage caused by last June’s southern Alberta floods is more than $1.7 billion — the costliest natural disaster in Canadian history.
“It’s a staggering number that we expect will go even higher,” said Bill Adams, IBC vice-president, Western and Pacific. “While the monetary cost of the floods is huge, the emotional toll on Albertans is incalculable.
“We knew it would be large. We knew it would be in the billions.”
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