Sandy caused $100M in Canadian insurance claims

Thursday, November 29th, 2012 — Superstorm Sandy caused estimated insured property damage in Ontario and Quebec of approximately $100 million, the Insurance Bureau of Canada says. The IBC released the preliminary estimate by Property Claim Services Canada, a service that tracks insured losses arising from catastrophic events in Canada, on Wednesday. PCS-Canada says thousands of claims were filed for damage to homes, cars and businesses after the storm hit parts of Ontario and Quebec between October 29 and 31, killing two people and leaving more than 150,000 people without power.