Eastern Newfoundland Windstorm Costs Insurers US$32.5M

A windstorm that hit eastern Newfoundland on March 11, 2017 has resulted in almost C$45 million (US$32.5 million) in insured damage, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification Inc. (CatIQ).

Wind gusts of over 180 kilometers per hour (112 mph) caused severe property damage in the region with sustained winds over 110 km/hr (68 mph).

The hurricane-force winds caused damage to residential and commercial buildings, vehicles, and power lines. In total, more than 70,000 consumers were without power. The winds diminished on the evening of March 11 leaving most of the province in blizzard-like conditions.

Source: Insurance Bureau of Canada

Related:

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