Kennedys – Impact of climate change on insurance claims – views from Canada and the UK

• FOIL
• FOIL Ireland
• FOIL Scotland
• FOIL select

Authors - William Brown and Anthony Mann

It is estimated that extreme weather events cost the world US$150 billion in 2019. In Canada, insurers are facing mounting pressure to re-evaluate traditional products which often insufficiently respond to the property losses experienced by their insureds as a result of natural disasters such as the recent hail storm in Calgary which led to estimated losses of $1.2bn.