Flooding Risks - Where The Canadian Insurance Market Is At

Flooding caused by heavy rain across Canada has opened new doors for the insurance industry.

Spring in Canada this year has been quite eventful as extreme weather events have hit the provinces of Quebec and British Columbia. The heavy rainfall has led to flooding in various parts of country leaving civillians helpless. This is a wake up call to the goverment as well as the insurance industry as they need to be better prepared for the future. Insurance companies have only just introduced insurance protection against the risk of floods. But why did it take this long for insurers to offer a product? (Read More)