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Canada's extreme weather events costing billions, but what can be done?

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Canada continues to see extreme weather events and wildfires at an increasing rate and with more severity— and it's leading to rising costs for both Canadians and insurers.

New data from Statistics Canada shows that from 1983 until 2008, insurers spent $400 million annually on average, but since 2009 that number has shot up to about $2 billion each year.

As Sean Previl explains, climate and insurance experts say it's unlikely to change anytime soon but there are things Canadians and insurers can do to help mitigate costs.

For more info, please go to https://globalnews.ca/news/10498699/extreme-weather-events-wildfires-insurance-costs-canada/
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Category
U.S. & Canada
Tags
global news, extreme weather, Canada extreme weather
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