The 10 most expensive natural disasters in Canada by insurance payouts

These are the 10 most expensive natural disasters in Canada as measured by insurance payouts, adjusted for inflation in 2021. This data is from the Insurance Bureau of Canada.

1. Fort McMurray wildfires (2016): $4 billion

2. Eastern ice storm (1998): $2.3 billion

3. Southern Alberta floods (2013): $1.8 billion

4. Alberta hailstorm (2020): $1.2 billion

5. Toronto flood (2013): $1 billion

6. Ontario-Quebec windstorm (2022): $1 billion

7. Hurricane Fiona (2022): $800 million

8. Toronto Flood (2005): $780 million

9. Ontario windstorm (2018): $695 million

10. British Columbia flood (2021): $675 million

This report by The Canadian Press was first published Oct. 19, 2022.