Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ).
Hurricane Fiona is the most costly extreme weather event ever recorded in Atlantic Canada and the 10th largest in Canada in terms of insured damages – surpassing the 2011 Slave Lake wildfire, said IBC.
