Floods like the one in Baie-Saint-Paul, about 90 kilometres northeast of Quebec City, helped drive up insurance claims from extreme weather in 2023 to the fourth-highest total on record, according to a new report by the Insurance Bureau of Canada.

In total, insured losses from extreme weather events exceeded $3 billion in Canada for the second straight year.

The report underscores concerns about the growing economic cost of weather-related disasters made more frequent and severe by climate change — and the rising cost of insurance coverage for homeowners.

In some cases, homeowners are struggling to get coverage at all.