Estimate Puts Hurricane Fiona Insured Damages at $660 Million

Heavy machinery clears up washed-up buildings and rubble in the harbour in Burnt Island, Newfoundland and Labrador on Sept. 27, 2022. The Canadian Press/Frank Gunn

An initial estimate by Catastrophe Indices and Quantification Inc. suggests hurricane Fiona caused $660 million in insured damage.

The Insurance Bureau of Canada says the storm was the most costly extreme weather event ever recorded in Atlantic Canada in terms of insured damages based on the estimate provided by CatIQ.