Insured cat loss in Canada exceeds $1.6 billion in 2021

Canada-based Catastrophe Indices and Quantification Inc. said that the country’s insured and reinsured catastrophe losses reached $2 billion Canadian ($1.6 billion) in 2021, making it one of Canada’s top five loss years, Artemis reported. The country saw 14 loss events with insured and reinsured loss of above $25 million in 2021.