Climate changes increases insurance premiums
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https://www.cbc.ca/news/politics/extreme-weather-insurance-premiums-statscan-1.7205237?cmp=rss
Recent CBC article citing statscan data.
https://www.cbc.ca/news/politics/extreme-weather-insurance-premiums-statscan-1.7205237?cmp=rss
Recent CBC article citing statscan data.
No, we're just going to pay out the nose for commodities that used to be inexpensive along side services like insurance. I love paying double for olive oil, cocoa/chocolate, and coffee because of climate driven shortages.
But hey, that's inflation right, and Trudeau/Biden and liberals worldwide are responsible for that somehow, better elect right wing climate deniers to fix the problem.
People think the carbon tax is expensive, despite the rebates, but fail to make the connection between climate change and the cost of everything else.
Canada exported 123 billion worth of oil in 2022. We only care about the carbon if it's on our soil, seems to be no problem selling the oil to be burned elsewhere.
This is the best summary I could come up with:
"Homeowners have been particularly affected by extreme weather claims, with recent hurricanes, floods and unprecedented wildfires," says the report, released Wednesday.
The report also says that for almost the entire period from the beginning of 2020 to the end of 2023, homeowner insurance premiums in Canada increased at a rate higher than inflation.
The report says that because insurance companies are responsible for rebuilding houses under current market conditions, they are subject to spikes in the cost of building materials.
Former federal environment minister Jonathan Wilkinson's 2021 mandate letter directed him to "invest in reducing the impact of climate-related disasters, like floods and wildfires, to make communities safer and more resilient."
A statement from the office of Housing, Infrastructure and Communities Minister Sean Fraser said the Liberal government "is making major investments in prevention, mitigation, response and recovery to help Canadians face these growing challenges."
The statement said that to date, 96 projects worth $2.5 billion have been announced through the Disaster Mitigation and Adaptation Fund and another $228 million is being spent over seven years through the Flood Hazard Identification and Mapping Program.
The original article contains 613 words, the summary contains 179 words. Saved 71%. I'm a bot and I'm open source!