A severe hailstorm in Calgary on August 5 resulted in nearly $2.8 billion in insured losses, making it the second-costliest natural disaster in Canadian history after the 2016 Fort McMurray wildfire. The storm caused significant damage to homes, vehicles, and the Calgary International Airport, with over 130,000 insurance claims filed. Approximately one in five homes in Calgary was impacted. The Insurance Bureau of Canada (IBC) noted that insurers paid out more for this event than the federal government has invested in climate adaptation over the past decade. The IBC emphasized the increasing frequency and cost of severe weather events in Alberta, highlighting the need for better community preparedness and climate adaptation measures. The rebuilding process for impacted communities will take considerable time, with insurers actively assisting with repairs and financial support.