What 2024’s costly climate disasters mean for home insurance rates in 2025
Corporate Knights
DECEMBER 30, 2024
Twenty-twenty-four will go down as the most expensive ever for home insurance claims in Canada so far. Unfortunately, insurance companies will pass along those costs to Canadians in the form of higher premiums in 2025, adding to already inflated levels endured over the past decade. We are trapped in a climate-driven cycle of bigger impacts, higher claims and higher premiums.
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