HomeInsurance NewsCanada’s climate warming may hamper the insurance industry

Canada’s climate warming may hamper the insurance industry

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Ontario, Canada (CU)_ A recent report warns that an increase in catastrophic weather events might jeopardize the property insurance sector in Canada. According to the rating agency, the Canadian property and casualty (P&C) insurers have remained strong amidst the growing weather-related losses thus far.

The report cautioned about the withdrawal of the property insurance due to…

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