The effects of six tornadoes in the Ottawa-Gatineau region in September are still being felt several weeks on. Residents and communities across the area are struggling to cope with rebuilding projects.
We already know the insurance industry will take a hit, but the consequences for homeowners could be worse. Indeed, people in Ottawa-Gatineau are struggling with the financial burden caused by the tornadoes. Red Cross of Ottawa has received donations totaling $1.2 million to help aid relief in the city alongside $1.5 million from the Ontario government.
In Gatineau, the donations have reached $1.6 million, coupled with $3 million from the Quebec government.
Even with this support, residents in the region are still awaiting claims processing through insurance providers. Without payouts from carriers, many property owners will be unable to make necessary repairs.
Last week, the Insurance Bureau of Canada (IBC) revealed the six tornadoes cost the industry $300 million in damages.
IBC cited data from Catastrophe Indices and Quantification Inc. (CatIQ), which shows $200 million of the damages were in Ontario and $100 million was in Quebec. The EF3 twister that touched down in Ontario was the first EF3 storm to make ground during September or later since the 19th century.
Despite coming relatively late in the year, the storms are the most expensive insurance losses caused by tornadoes. Recent twisters have also been cat events, but not in the scale of the Ottawa-Gatineau storm.