Canada's coming property insurance crisis

This policy brief addresses the impact of climate change on the conditions necessary for property insurance to remain available and affordable in many areas across Canada. It describes the background for the role of insurance in governing hazards and climate change, describes challenges facing the insurance system and presents several policy recommendations aimed at sustaining and maximizing the insurance system and its benefits. It calls for a concerted effort by Canadian municipal, provincial and federal policy makers to improve hazard and climate risk management for the insurance industry and the economic benefits it provides to be sustainable.