Insurance & Liability

There's an old argument that protecting the environment hurts the economy. It's wrong for a lot of reasons.

Climate disasters are straining the insurance system. I4PC’s “Who Pays” report explains the rising costs facing insurers, governments, and homeowners.

Climate change can no longer be treated as “a marginal shock to otherwise stable economic systems” that will keep chugging along even with reduced outputs, write the report authors, who consulted with 68 climate scientists from around the world. Climate has become “structural,” with impacts increasingly likely to cause unmanageable...

The March ice storm in Ontario and Quebec topped the Insurance Bureau of Canada's list of most expensive weather events in 2025, followed by May wildfires in Manitoba and Saskatchewan.

Canada’s insurance sector is raising alarms about the potential for the country to become “uninsurable” by 2035 due to insufficient policy action on escalating climate disasters. Meanwhile, a former California insurance official has criticized the industry for underwriting the very fossil fuel projects that worsen the climate crisis.

Insurance companies, households, or governments may have grounds for legal action against fossil fuel companies after insured losses due to extreme weather in Canada nearly tripled last year to $9 billion, concludes a new report released this morning by Investors for Paris Compliance (I4PC).

Albertans are nearly unanimous in wanting oil and gas companies to cover the cost of  cleaning up their wells and paying their overdue taxes and land rent, a new poll shows, even as the province prepares new legislation critics say will shift those costs onto taxpayers.

Jennifer and Dean Bye were just getting by before Hurricane Ida slammed into southern Louisiana in 2021. Four years later, they're still living in a damaged house after their insurance company folded.

Canadians are facing yearly flood disasters while governments, builders, and insurers debate how to keep homes safe. We all know the weather is changing, so why are we still building where we shouldn’t? ask Gary Martin and Ruth McKay in a post for Policy Options.

Ottawa has spent almost a decade studying, consulting and designing a new flood insurance framework—now it must fund it, writes Jordan Brennan for Policy Options.

The number of Quebec homes located in flood zones will likely increase by 30% when new maps are introduced next year, says the province's environment minister.

As premiums soar for climate-risk insurance, governments must be part of the long-term solution, writes urban economist Robyn Brown.

When ratings agency Standard & Poor’s (S&P) downgraded the creditworthiness of the largest municipal utility in the United States, some experts warned it could signal early cracks in the historically stable municipal bond market. But the wider consensus is that municipalities—in both the U.S. and Canada—are awakening to climate risk,...

As Canada rushes to meet its goal of 5.8 million new homes by 2030, policy changes are urgently needed to avoid billions in damages from continuing to build in flood and wildfire zones, the Canadian Climate Institute (CCI) warns in a new report.

Canada’s insurance sector is raising alarms about the potential for the country to become “uninsurable” by 2035 due to insufficient policy action on escalating climate disasters. Meanwhile, a former California insurance official has criticized the industry for underwriting the very fossil fuel projects that worsen the climate crisis.