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Monthly Archives: July 2019

Data Shows Canada’s Climate Changing at a Rapid Pace

A government-backed report by Natural Resources Canada states that both past changes and predicted future trends in Canada are about double what is being seen globally. Driven by human influence, the nationally widespread warming is projected to intensify. The report explains how weather extremes will increase in the future, including frequency and severity of heat waves, risk of drought and wildfire, precipitation and coastal flooding.

These events are no longer occurring only in areas that have been traditionally exposed to them and this is bringing us into an era of increased threat to life and property. More severe weather events are leading to more damage and more insurance claims, causing greater strain on the government treasury for which they are financially unprepared for future disasters.

The government needs to take steps to help Canadians understand and adapt to the reality of climate change. The first step is to invest in consumer education, sharing data on how the changes are impacting the country. The government can also invest into water and sewage systems and make changes to improve land-use and building codes and standards.

The insurance industry is leading the discussion and encouraging citizens and governments to adapt to the rapidly changing climate. For more information, contact your broker or company agent.

Source: https://www.insurancebusinessmag.com/ca/news/catastrophe/its-hard-to-challenge-the-reallife-data-of-climate-change-in-canada-164499.aspx