According to data from Catastrophe Indices and Quantification Inc. (CatIQ), over the past decade, Alberta and BC accounted for more than half (51.3%) of Canada’s insured catastrophic losses. Alberta alone was home to five of the 10 costliest disasters in Canadian history, including the top two: the devastating 2016 Fort McMurray wildfires ($4.6 billion in insured damage) and the 2024 Calgary hailstorm ($3.1 billion in insured damage).
Powerful and repeated atmospheric rivers have triggered devastating floods in BC in recent years, including the 2021 disaster that inundated Abbotsford, severed transportation routes and displaced thousands of residents. Wildfire risk remains very high in both Alberta and BC due to their dense forests, prolonged dry seasons and rising temperatures, which together create conditions for larger, faster-moving fires.
The broader trend is clear and frightening – severe weather events are becoming more frequent, more destructive and more costly. Nationally, insured payouts for weather-related disasters reached $1 billion in 2019 and 2020, doubled to $2 billion in 2021, rose to $3 billion in 2022 and 2023, and then surged to $8.9 billion in 2024. (Source: CatIQ)
Homeowners and businesses have an important role to play. Here are some of the key steps to take to prepare for severe weather.
To protect against wildfires:
- Clear debris, dead vegetation and flammable materials from around your home or business.
- Install fire-resistant roofing and siding where possible.
- Maintain a 1.5 metre non-combustible zone around structures.
To protect against floods:
- Install sump pumps and backflow valves where appropriate.
- Keep gutters, downspouts and drainage systems clear and well-maintained.
- Move valuables and important equipment above ground level when possible.
To protect against hail:
- Park vehicles in a garage or under a sturdy shelter during severe weather warnings.
- Inspect and reinforce roofing and exterior structures as needed.
Along with taking these steps, it’s important to review your insurance coverage. Make sure your policy reflects current risks, and that you understand what protection you have in place.
For more information on how to prepare yourself, your family, and your business in the event of an emergency, please see Create an emergency plan & kit on the IBC website.