Your Uninsurable Home? What Is Climate Change’s Wild Weather Doing to Insurance?
Across Canada, this year has brought severe storms, floods, wildfires and other catastrophic weather. As people in Calgary, Toronto and other hard hit areas try to rebuild their lives, most of them expect that someone should help them pay for the damage. Oil-rich Alberta has promised $1 billion to support the first phase of recovery and reconstruction. (The actual cost is likely to be much more.) But most people, in most places, need to rely on insurance when disaster strikes. What will happen when they cannot get it?
For the last decade, property insurers have been leading business voices about . . . [more]
