{"id":4040,"date":"2026-02-25T13:51:14","date_gmt":"2026-02-25T18:51:14","guid":{"rendered":"https:\/\/www.gdr.ca\/?p=4040"},"modified":"2026-02-25T13:51:14","modified_gmt":"2026-02-25T18:51:14","slug":"canadian-catastrophe-losses-hit-2-4b-in-2025","status":"publish","type":"post","link":"https:\/\/www.gdr.ca\/en\/news\/canadian-catastrophe-losses-hit-2-4b-in-2025\/","title":{"rendered":"Canadian Catastrophe Losses Hit $2.4B in 2025"},"content":{"rendered":"\n<p>Canada recorded CAD $2.4 billion in insured losses from catastrophic events in 2025, according to CatIQ, with uninsured losses adding another $1.0 billion, bringing total societal losses to $3.4 billion.<\/p>\n\n<p>While 2025 ranked as the ninth-largest insured loss year on record, it represented a significant drop from 2024\u2019s record-breaking $9.1 billion. However, the year was far from quiet. CatIQ reported 17 catastrophe events, tying for the second-highest number of catastrophes declared in Canada, a reminder that risk is no longer concentrated in a single season or region.  <\/p>\n\n<p>The costliest event was the late-March ice storm in Ontario and Quebec, which generated $490 million in insured losses, accounting for nearly one quarter of the year\u2019s total. The storm is now the second-costliest ice storm on record, behind only the historic 1998 event. <\/p>\n\n<p>CatIQ also reported the highest number of fire-related catastrophe declarations, including fires in provinces that had never previously experienced an industry fire catastrophe. This shift is an important signal that wildfire risk is expanding beyond traditional hotspots. <\/p>\n\n<p>ICLR emphasized that extreme hazards cost Canadians billions every year, and that small, proven resilience investmentscan prevent or reduce many losses. For insurers, brokers, and policyholders, the message is clear: catastrophe risk is spreading, claims are becoming more complex, and preparedness is quickly becoming a competitive advantage. <\/p>\n\n<p>Read more on <a href=\"https:\/\/insurance-canada.ca\/2026\/01\/30\/catiq-insured-losses-catastrophic-events-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">Insurance-Canada.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada recorded CAD $2.4 billion in insured losses from catastrophic events in 2025, according to CatIQ, with uninsured losses adding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4039,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[30],"tags":[],"class_list":["post-4040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/posts\/4040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/comments?post=4040"}],"version-history":[{"count":1,"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/posts\/4040\/revisions"}],"predecessor-version":[{"id":4041,"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/posts\/4040\/revisions\/4041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/media\/4039"}],"wp:attachment":[{"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/media?parent=4040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/categories?post=4040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gdr.ca\/en\/wp-json\/wp\/v2\/tags?post=4040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}