Canadian Press: Flood is clearly the number one peril in Canada, with Swiss Re estimating that a perfect storm flood scenario would result in economic losses of $13.8 billion and insured losses of $5.7 billion.
Developed using the companys new probabilistic flood model, the estimate of a 1 in 200-year flood represents almost three times the losses resulting from the flooding in southern Alberta three years ago.
Residents walk through flood waters in Calgary on June 24, 2013.
The report released Wednesday...