The increasing rate of natural disasters like wildfires, frigid cold and hurricanes is leaving many Canadians and their insurers forking out billions of dollars, according to a new study from ...
The increasing rate of natural disasters like wildfires, frigid cold and hurricanes is leaving many Canadians and their insurers forking out billions of dollars, according to a new study from ...
From 1983 to 2008, insurance companies in the country spent about $400 million on average annually on catastrophic claims, but since 2009 that number's risen to almost $2 billion. From 1983 to 2008, ...
Canada continues to see extreme weather events and wildfires at an increasing rate and with more severity— and it's leading to rising costs for both Canadians and insurers. As Sean Previl explains, ...
The increasing frequency of extreme weather events across the country has caused the sums paid out annually for catastrophic insurance claims to explode — and annual payouts for the last four ...
The report says that between 1983 — the first year catastrophic insurance claims were tracked — and 2008, insurers paid out an average of $400 million per year. From 2009 to 2023, that yearly ...
Maureen McGee searches for belongings in the ruins of her family's home after it was destroyed in a wildfire last June in the community of Hammonds Plains, outside of Halifax. (Darren Calabrese ...
2:04 Floods, landslides kill at least 31 in Indonesia Wildfires continue to rage across parts of Western Canada, with evacuation orders issued for many communities, and telephone and internet ...
IBC analysis based on industry data from GISA systems, Groupement des assureurs automobiles, ICBC (2023 data for ICBC is an estimation based on the average annual auto crime increase from 2020 to ...