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New industry estimates suggest powerful thunderstorms across Ontario and Quebec during the week of Canada Day caused $439 million in insured damage.

The damage estimates from Catastrophe Indices and Quantification Inc. offer a snapshot of the insurance market in the aftermath of the storms, covering both property and vehicle claims.

The storms between June 30 and July 3 brought wind, hail, torrential rain and flash flooding to communities across Ontario and Quebec.

The Insurance Bureau of Canada says hard-hit Ottawa broke its daily rainfall record when it was drenched by 118 millimetres on…

Read the full article at GLOBALNEWS.CA