Changes to disaster financial assistance will take effect on April 1, 2025.
A rating agency stresses the need to maintain a functioning property insurance market.
Four severe weather events in July and August made 2024 the costliest year ever in terms of insured damage.
Non-peak perils – floods, wildfires and thunderstorms – fuel rising loss trends.
Weather systems are accumulating more energy as a result of climate warming, which is likely leading to an increase in e
Insured losses reached new highs in Canada, but the outlook for insurers remains stable.
Several studies confirm that the recurrence of extreme events will increase as the climate warms.