Up to 10% of Canadian homes are uninsurable for flooding: Here's what you need to know | Financial Post

The May 21 storm that hit southern Ontario killed 11 people. Two weeks later, areas in Ottawa were still without power. Subscribe now to read the latest news in your city and across Canada. Subscribe now to read the latest news in your city and across Canada. Create an account or sign in to continue with your reading experience. Create an account or sign in to continue with your reading experience. “The scale of the damage is so vast that we don’t have any handle on estimates of damage,” said Craig Stewart, who works with the Insurance Bureau of Canada (IBC). “Unfortunately, we believe we’re going to see more and more of these types of events because as the air above Canada gets warmer, it contains more heat energy, and you can end up with much more powerful storms as a direct result of climate change,” Stewart said. “The mistake is to see these as one-off events. We’re probably going to be seeing more of them in the years to come.” Get the latest headlines, breaking news and columns.

Lithuaniakid/Shutterstock Article content The May 21 storm that hit southern Ontario killed 11 people. Two weeks later, areas in Ottawa were still without power. Sign In or Create an Account Email Address Continue or View more offers Article content “The scale of the damage is so vast that we don’t have any handle on estimates of damage,” said Craig Stewart, who works with the Insurance Bureau of Canada (IBC). Article content We apologize, but this video has failed to load. Try refreshing your browser, or tap here to see other videos from our team . Article content “Unfortunately, we believe w

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