How the L.A. wildfires could increase Canadian insurance rates
The Decibel
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The Financial Toll of Natural Disasters in Canada
This chapter explores the financial implications of natural disasters in Canada, comparing the costs of wildfires, floods, and hailstorms. It highlights trends in insurable losses, the growing burden on insurance providers, and the expected increase in home insurance premiums across regions most affected by these events. The discussion also contrasts Canadian flood insurance developments with fire insurance, emphasizing the ongoing challenges and adaptations within the insurance industry.
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