Weather-related disaster costs are soaring. Insurers’ payouts rose from $400M annually (1983–2008) to nearly $2B since 2009. In Canada, 2024 saw $8.55B in insured damages—three times 2023 and 12× the decade average. Homeowners should brace for higher 2025 insurance rates, and some areas may become uninsurable as severe weather grows more frequent.
https://harvardwestern.com/weather-damage-drives-house-insurance-rates-up-in-canada/