Get the latest tech news
Insurance czar has 'harsh' message about climate: you may just have to move
Canadian insurers received 228,000 insurance claims in July and August — more than they’ve had in any summer over the past 20 years.
The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Catastrophic losses are "well above expectations" in the third quarter for Intact Financial, Canada’s largest property and casualty insurer. The weather also hit Toronto-Dominion Bank’s insurance unit, with costs 20% higher than a year earlier, denting its latest financial results.
Or read this on Hacker News