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How Weather Affects Insurance


Climate change is an important environmental issue that has been attributed to human activities, including the release of carbon dioxide and greenhouse gases, as well as natural processes.

Climate change is partially responsible for the rising frequency and severity of extreme weather events such as floods, storms and droughts since warmer temperatures tend to produce more violent weather patterns.

As a result of climate change, extreme weather events involving hail, wind and precipitation that used to happen every 40 years in Canada are now happening every 6 years in some regions. (IBC)

pdf; Weather prevention tips for your homeRead the full PDF on Weather Prevention Tips for Your Home


Catastrophes are defined as natural disasters that cause at least $25 million USD in insurance claims. Over the past 10 years, there has been an average of 785 natural catastrophes worldwide. In the first half of 2013, there have already been over 450 natural catastrophes.(© 2013 Geo Risks Research, NatCatSERVICE – as at July 2013)


Weather patterns are forcing the insurance industry to evolve products, policies and what you pay to address new risks. You should talk with your broker about the risks in your area associated with changes in weather to make sure the people and things you care about are protected.

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