CMOS Ottawa Centre Talks - Insurability in a Changing Climate

Speaker: Craig Stewart, Vice President, Climate Change and Federal Issues, Insurance Bureau of Canada
The wildfires, floods and hailstorm of the summer of 2024 shattered the record for any season of insured losses in Canadian history. With losses escalating rapidly in both Canada and the United States, insurers are adjusting property coverages to remain viable.
This presentation covers the changes we are now witnessing in both the Canadian and American property insurance markets, the future of home insurability and the measures that the property and casualty insurance industry is advocating governments prioritize should property remain insurable into the next decade.