In June 2026, severe storms in Manitoba and Saskatchewan combined with flooding in the Montreal area produced insured damages that topped $1.1 billion, the highest loss figure recorded in Canada for the year, according to the Insurance Bureau of Canada.
The weather events unfolded across central Canada and the province of Quebec, with the storms in Manitoba and Saskatchewan delivering intense rainfall and wind that damaged homes, businesses and infrastructure. Simultaneously, the Montreal region experienced flooding that added to the overall property destruction. The combined effect of these phenomena led to widespread damage to insured assets throughout the affected territories.
The Insurance Bureau of Canada quantified the financial impact of the events, confirming that the total insured losses reached $1.1 billion. This amount represents the largest insured loss tally reported for any incident in the country during the current calendar year, underscoring the magnitude of the weather-related disruption.
While the Bureau’s assessment focuses on insured losses, the figures do not capture the full extent of uninsured damage or the broader economic repercussions that may follow. Nonetheless, the reported amount highlights the scale of risk that extreme weather poses to property owners and insurers alike.
The June events add to a pattern of increasingly severe weather across the nation, prompting insurers and policymakers to monitor exposure and preparedness. The Insurance Bureau of Canada’s data will inform future risk modeling and may influence insurance pricing and coverage decisions in the regions most affected.
Authorities in Manitoba, Saskatchewan and Quebec continue to evaluate the damage and coordinate response efforts, while the insurance industry processes claims stemming from the storms and flooding. The $1.1 billion in insured losses stands as a benchmark for the financial impact of extreme weather in Canada for 2026.