Extreme weather cost Canada record $3.2B, insurers say

The spate of severe weather disruptions across Canada over the past year caused insurers to pay out a record $3.2 billion in claims, the industry says. The ice storm that hit southern Ontario and then Eastern Canada caused $200 million worth of insured losses, bringing the total to $3.2 billion for all of 2013. That’s the highest level the insurance industry has ever seen.