Extreme weather causing billions of dollars in damage, driving up insurance premiums: StatsCan

The increasing frequency of extreme weather events across the country has caused the amounts paid for catastrophic insurance claims yearly to explode — and annual payouts for the last four years now rank among the ten largest on record, says a new Statistics Canada study.

Extreme weather causing billions of dollars in damage, driving up insurance premiums: StatsCan
An aerial photograph of houses surrounded by flood waters

The increasing frequency of extreme weather events across the country has caused the amounts paid for catastrophic insurance claims yearly to explode — and annual payouts for the last four years now rank among the ten largest on record, says a new Statistics Canada study.