Severe weather events likely to drive insurance premiums higher
The Insurance Bureau of Canada says severe weather caused more than $3.1 billion in insured damage in 2023, the fourth-worst year on record.
Craig Stewart
Extreme weather risk changing Canada’s insurance industry
Climate change is driving up insurance rates and raising questions about whether private coverage will even be available for some Canadians in the future.
Rocked by extreme weather, climate change exposes ‘infrastructure gap’ in Canadian communities
Canada’s changing climate has rendered a crucial ice bridge to a small municipality near Montreal unreliable, and even studying possible fixes is costly for the small community, the mayor says.
Canada’s $1.6-billion climate adaptation plan includes updated flood maps, preventing wildfires, and helping you battle extreme heat
Canada’s much-anticipated roadmap to weather the impacts of climate change is out, and it includes $1.6 billion in new spending to fortify infrastructure, protect human health and predict future risks.
Property insurance risk modelling shifts to account for climate impacts
The estimated $78 million in insured property damage from the wildfire that devastated the community of Lytton, B.C., in June is a fraction of the rising costs of disasters fuelled by climate change, the Insurance Bureau of Canada says.
Who should bear the financial risk of flooding? Report lays out three options
The federal government could help mitigate the cost of flood damage by creating a "high-risk" insurance pool to help lift the burden off the public purse, says a report released on Tuesday, June 18, 2019, by the Insurance Bureau of Canada.