The tornado that struck Goderich this past August caused about $75 million in damages, according to the Insurance Bureau of Canada.
The figure represents the total value of the thousands of successful claims filed in the aftermath of the storm.
"I was on the ground and I can say first-hand that the tornado's destruction to property in Goderich was awful," Ralph Palumbo, vice-president of the Ontario wing of the Insurance Bureau of Canada, said in a press release. "It's devastating for those who have been affected."
Goderich declared a state of emergency on Aug 21 after a tornado, rated a three on the five-point Fujita tornado intensity scale, devastated the community, killing one person and injuring dozens.
Following the storm, insurance adjusters descended on the small Ontario town to evaluate the damage and the Province of Ontario pledged to contribute $5 million to rebuilding efforts.
According to the Insurance Bureau of Canada, the storm was one of the more significant tornado's ever to hit Ontario, though others caused more damage.
A tornado that hit Leamington in June 2010 resulted in $120 million in insured damage, while another that hit Vaughan in August 2009 caused $88 million in insured damage.
