Catastrophe Indices and Quantification Inc (CatIQ), the independent Toronto-based organisation that provides industry-wide catastrophe insurance data and is a subsidiary of PERILS, has disclosed its sixth and final industry loss estimate for the hailstorm that struck Calgary, Alberta, Canada, on 5 August 2024, at around CAD 3.35bn. This figure is broadly unchanged from CatIQ’s one-year post-event estimate of CAD 3.293bn, while representing a slight increase from the fourth estimate of CAD 3.25bn issued six months after the event. As with previous estimates, the latest loss number covers property (both commercial and residential) and vehicle (motor) claims, including additional loss adjustment expenses. The thunderstorm event has an initial estimated industry loss of CAD 374m, while the flooding event is currently estimated at CAD 411m. With 14 events declared to date, it remains to be seen whether 2026 will become the most active year on record.”