A new report by Rates.ca shows a single claim of flood damage could increase home insurance premiums by 19 per […]
‘It’s not right’: Flood victim deals with insurance frustration after July storm in Toronto
Like hundreds of other homeowners who suffered a loss in the July flood, Rebecca Benson has been consumed with dealing […]
Canada’s extreme weather events are costing billions, new data shows
From 1983 to 2008, insurance companies in the country spent about $400 million on average annually on catastrophic claims, but […]
Home insurance up 7% in Canada, report says. How to cut costs
Home insurance has become more expensive in Canada this year amid soaring replacement costs and extreme weather events, according to […]
Climate change could make insurance more expensive: experts
A group representing Canada’s insurance industry says the ferocity and frequency of weather events means premiums could rise by as […]
What to know about home insurance if you’ve been displaced by B.C. or N.W.T. wildfires
While starting a claim sooner may help you get reimbursed sooner, IBC said personal claims can usually be reported within […]
Calgary community helps senior whose garage burnt down
Last winter, Gaile Simpson let two unhoused people take shelter in her garage. A fire lit inside the garage got […]
Insurance costs rising as ‘catastrophic events’ become the norm
As weather events and wildfires become increasingly extreme and frequent, insurers in Canada are finding it more difficult to keep […]
As wildfires ramp up, here’s what to know about filing an insurance claim
Most insurance companies have “catastrophe teams” that they send to affected areas to help people file claims in person, according […]
Spring flood risks in Canada raise concern about insurance for homeowners
Flooding is the biggest under-insured climate risk in Canada, said Victor Adesanya, vice-president of insurance at DBRS Morningstar, especially during […]