The Institute for Catastrophic Loss Reduction creates and disseminates disaster resilience knowledge for Canada. Among the catastrophes ICLR addresses are hailstorms, one of Canada’s most serious natural hazards. Hail costs $400 million annually. A June 2020 hailstorm at the edge of Calgary damaged 77,000 homes and cost $1.4 billion.
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No Canadian wildfire before 2003 caused more than $10 million in insured loss; since then, five such f ires have occurred, costing $5 billion in insured loss and many billions in uninsured damage, among many other negative impacts. Climate change is expected to increase wildfire ignitions 75% during the life of new buildings built today, and more people are choosing to live in areas prone to wildfire.