BREAKING Pearson gold heist suspect arrested after flying into Toronto from India
Another suspect is in custody in connection with the gold heist at Toronto Pearson International Airport last year, police say.
The total cost of damages caused by post-tropical storm Fiona is yet to be determined but estimated insurable losses in Atlantic Canada could be in the hundreds of millions.
According to DBRS Morningstar, a credit rating agency, loss estimates currently range between $300 and $700 million, a record high in the region.
But, many residents of Atlantic Canada may not get coverage for all the damages caused by Fiona due to a lack of insurance covering storm-related floods.
According to Amanda Dean, vice-president for the Insurance Bureau of Canada's Atlantic region, residential home insurance policies frequently cover wind damage, including tree damage and specific types of water damage.
But to include flood coverage, customers typically need an add-on policy, she said.
"A lot of it just depends on the details," Dean told CTV's Your Morning on Wednesday, adding that residents should document as much of the damage to their homes as possible.
Dean said that water damage that might be caused in basements when falling trees and other debris punch holes through a house will require additional water damage insurance which is often not included in standard home insurance policies.
A typical plan will likely cover wind damage caused by fallen trees or flying debris, she added.
Dean said that claimants don't need to necessarily wait for an insurance officer before clearing up their homes, as long as it’s safe to do and the damages have been properly documented.
"Anything that you can do safely and that's, that's the key … (such as) safely patching a hole to prevent water damage," she said.
DBRS Morningstar said in a report that the insurable losses related to Fiona are roughly in line with previous natural disasters in other provinces, such as the flooding in B.C. last year that saw $515 million in insured losses.
Atlantic Canada represents a small portion of the Canadian property insurance market, according to the report.
However, Fiona will likely go down as one of the region's largest catastrophic events.
The Nova Scotia government is offering financial support to residents dealing with the effects of the storm. This includes disaster relief assistance funding, which Premier Tim Houston announced will cover certain uninsured losses up to $200,000. There will be no deductible for residents and small business owners, he said.
A full list of resources for Halifax’s impacted residents can be found here.
With files from The Canadian Press
Another suspect is in custody in connection with the gold heist at Toronto Pearson International Airport last year, police say.
Hailey and Justin Bieber are going to be parents. The couple announced the news on Thursday on Instagram, both sharing a video that showcases Hailey Bieber's growing belly.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Conservative government led by Pierre Poilievre would not legislate on, nor use the notwithstanding clause, on abortion, his office says, as anti-abortion protesters gather on Parliament Hill.
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
Miss Teen USA resigned Wednesday, sending further shock waves through the pageant community just days after Miss USA said she would relinquish her crown.
Ontario Provincial Police confirm one person has died after a single-vehicle rollover crash in Sharbot Lake, Ont. that seriously injured five others.
A video circulating on social media of a young girl being hit by a bike has some calling for better safety and more caution when designing bike lanes in the city. The video shows a four-year-old girl crossing Jeanne-Mance Street in Montreal's Plateau neighbourhood to get on a school bus stopped on the opposite side of the street
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
The stakes have been set for a bet between Vancouver and Edmonton's mayors on who will win Round 2 of the Stanley Cup playoffs.
A grieving mother is hosting a helmet drive in the hopes of protecting children on Manitoba First Nations from a similar tragedy that killed her daughter.
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
A P.E.I. lighthouse and a New Brunswick river are being honoured in a Canada Post series.
An Ontario man says he paid more than $7,700 for a luxury villa he found on a popular travel website -- but the listing was fake.