Economic losses are estimated at over USD $100 billion.
One year later, with the majority of claims resolved, the industry calls for adaptation.
Ontario regulator announces measures to help insurers process claims more quickly.
Ratings agency expects no direct credit rating implications.
Six of the seven major Canadian insurers analyzed held assets totaling $19.5 billion in the fossil fuel sector in 2023.
CatIQ has released its annual update of the Canadian insurance Industry Exposure Database.
Recommended policy measures include sunset clauses for subsidies.
