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Manitoba and Saskatchewan insured losses top $840m after severe storms

CatIQ estimates the June 9 to 10 storms, including tornadoes and hail, have produced more than $2.5 billion in insured catastrophe losses since 2021 in the two provinces.

Reported · Written up by our desk · Property Insurance

Severe weather in Manitoba and Saskatchewan has driven insured losses above $840 million, according to the latest estimate from Catastrophe Indices and Quantification Inc. (CatIQ). The June 9 to 10 storms included tornadoes, hail, damaging winds, torrential rain and flash flooding, affecting tens of thousands of residents and businesses.

Insurance Bureau of Canada (IBC) vice-president Aaron Sutherland said the frequency and severity of extreme weather have risen in recent years, and he linked surging claims to pressure on home insurance premiums. He argued that reducing long-term costs requires investment in resilience, including steps that help communities better withstand future events.

The report said that since 2021, Manitoba and Saskatchewan have seen 30 catastrophic weather events with more than $2.5 billion in insured losses. It also cited about $430 million in insured losses in 2025 from wildfires and about $330 million tied to flash flooding, hail and strong winds.

CatIQ is expected to publish initial estimates for additional severe storms, hail and flooding on June 26 to 30, July 4 to 6, and July 10 to 11. IBC is also reiterating calls for governments to reduce exposure to extreme weather through measures such as consumer incentives for property retrofits and stricter building codes.

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