According to the Insurance Bureau of Canada, the 10 most expensive natural disasters in Canada (adjusted for inflation in 2021) were:
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.