Given the growing frequency and intensity of severe weather events around the world, like hurricanes, wildfires, floods and violent storms, households have had to make increasingly costly home insurance claims. Canada has not been spared; it even saw a record year for damages in 2024, caused particularly by flooding in Quebec and Ontario, and by wildfires and a hailstorm in Alberta. Consequently, insurers in Canada and abroad have raised premiums, tightened underwriting standards or withdrawn...
