Unlike natural disasters, theft and vandalism may also cause homes to be unavailable, leaving families without security.
In 2011, private Premiums & Claims insurers wrote $8.2 billion in net written premiums for personal property insurance and paid out $5.3 billion in net claims incurred.read more
For each year from 2009 to 2012, insured losses from natural catastrophes in Canada have been near or above $1 billion. In 2011, losses hit 1.7 billion. In 2012, losses were again 1 billion.read more
• The increasing incidence of severe weather is a growing risk that disrupts lives and costs billions of dollars.
• Damage caused by severe weather has emerged in recent years as the leading cause of property insurance claims and now exceeds fire damage in some regions of the country.read more
The Slave Lake fire that ravaged a remote area of Alberta and caused $700 million in insured losses in the spring to 2011 was the largest catastrophe of the year.read more