As the spring season brings higher flood risk to Canadians, as seen in British Columbia recently, experts say many homeowners remain without adequate insurance…
Storm surge is another big under-insured risk, said Nadja Dreff, senior vice-president and head of Canadian insurance also at DBRS Morningstar. The Atlantic is at particularly high risk of storm surge, which tends to be in the aftermath of hurricanes or other such storms, said Adesanya.“There is very much a need for this coverage. And yet, we still haven’t gotten to that level where we can say the insurance sector completely is able to cover all the risks,” she said.
But some of the biggest damage can come from these kinds of events, as illustrated by hurricane Fiona, which hit homes in Atlantic Canada last fall. According to the IBC, severe weather caused $3.1 billion in insured damage in Canada in 2022, with Fiona costing $800 million. Right now, around 80 per cent of Cooperators’ clients are covered for storm surge, but there’s lower uptake in higher-risk areas, said Laidlaw. For example, she said only 60 per cent of Cooperators’ clients in Atlantic Canada are covered for storm surge.
“They’re trying to fill a gap that’s existed for a while now,” said Adesanya, though it’s not yet clear what form the program will take.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Busy week in professional golf sees 14 Canadians in action across six eventsA busy week in golf sees six professional tournaments with 14 Canadians playing in them across the Americas.
続きを読む »
Many Canadians are leaving this registered savings plan's money on the tableMany Canadians are leaving this registered savings plan's money on the table via financialpost
続きを読む »
Taylor Swift Does NYC Spring in a Breezy White Co-ord and the Perfect Box BagTaylor Swift Does New York Spring in a Breezy All-White Look
続きを読む »
PHOTOS: See how good Arches National Park is looking this springTake a look at recent photos from Arches National Park.
続きを読む »