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Insights into the impact of extreme weather trends in Canada on homeowners insurance profitability and consumers
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Insights into the impact of extreme weather trends in Canada on homeowners insurance profitability and consumers
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Canada’s property and casualty (P&C) insurance companies have faced many challenges in the last decade, and more so in the past couple of years. The P&C insurance industry has been impacted by the COVID-19 pandemic, a workforce crunch, an increase in climate-related weather claims and higher reinsurance premiums, exacerbated by high replacement cost factors.
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