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Natural disasters: Climate change costing insurers dearly

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By Alain Castonguay | December 30 2022 10:30AM

Two natural disasters in 2022 have made the list of the 10 worst insured losses in Canadian history.

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Headlines

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Insurers unconcerned about Canadians’ shifting travel patterns

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INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE (IPCC)

P&C insurers can absorb the costs of Fiona

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The global climate in 2020: Another alarming report

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AON

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INSURANCE BUREAU OF CANADA (IBC)

Ontario temporarily loosens rules to help insurers process high number of claims

Slow pace of adaptation is a wildfire threat

Legislation introduced to reform Alberta auto insurance

Canadian businesses suffered record insured losses in 2024

INTACT

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Climate changes

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Claims

Owning and insuring a vehicle costlier since 2020

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Canada faces a protection gap against major disasters

Losses

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