Homeowners across Canada should prepare for significant increases in insurance premiums. Experts attributed the rising costs to record-breaking losses from natural disasters, inflation, and labour shortages in the construction industry, a report from CTV News highlighted.
The Insurance Bureau of Canada (IBC) reported $8.5 billion in insured losses in 2024, nearly tripling the previous year’s total. Severe weather events such as Calgary’s hailstorm, Quebec’s flooding, and the Jasper wildfire contributed to these staggering figures.
Click Here for more information
Edmonton, Winnipeg
AB, BC, Manitoba, Saskatchewan. Yukon.
Canada