Experts warn it would be naïve to hope the last five years of losses have been exceptions.

Adds an estimated $55,000 to the average cost of a new home in Canada.

Climate concerns will be heavily weighted in underwriting risk exposures.

Follows other insurers issuing warnings about the material impact of rainstorms, tornados and wildfire.

Promises October update if losses increase materially from estimate.

West Coast financial sector regulatory authority is inviting stakeholder input into a new holistic approach.

Insurers can serve as second responders in the recovery period.