Many Canadians could be left without Insurance Coverage

“Storm surge is just not available for home insurance policies at this point in time, and the reason for that is with a fast-changing climate, this leads to rising sea levels and eroding coastlines,”

“The risk modelling required by insurers to price storm surge, that type of coastal flooding coverage is nearly impossible so without accurate risk modelling, the risk is deemed too high at this point.”

“there’s research being done into storm surge modelling right now, but ‘it’s just not a product that’s currently in place to respond to Hurricane Fiona.’”

Click here for full article by Hilary Punchard, BNN Bloomberg


Amanda Dean, VP Atlantic Region, Insurance Bureau of Canada

Patrick Douville, VP Insurance, DBRS Morningstar

Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction