insurance-premiums

Why some Canadian insurance companies are bringing in a wildfire tactical team

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Why some Canadian insurance companies are bringing in a wildfire tactical team

When Joelle Fraser-McGaghey had to evacuate her home during the 2016 Fort McMurray wildfire, she only had a few minutes to pack before her family had to get out the door. Trying to pull outdoor furniture away from her house was not at the top of her list. “Honestly, I’m not thinking ‘Should I remove … Read more

Extreme weather causing billions of dollars in damage, driving up insurance premiums: StatsCan

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Extreme weather causing billions of dollars in damage, driving up insurance premiums: StatsCan

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 years now rank among the ten largest on record, says a new Statistics Canada study. “Homeowners have been particularly affected by extreme weather claims, with recent hurricanes, floods … Read more