As climate change impacts flooding, swaths of Canada risk becoming uninsurable – The Weather Network ...Middle East

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For decades, fire was the top risk for homeowners and lenders. But today’s changing weather patterns have resulted in a dramatic shift in property risk that has made overland and sewer backup a predominant risk for homeowners. Many Canadians are unknowingly purchasing and building homes and other infrastructure in areas that not only have a high flood risk, but also face wildfire and other issues associated with climate change, according to the Canadian Institute for Climate Choices. This translates to soaring insurance costs and the prospect of not getting insurance altogether, meaning that people get stuck with unaffordable costs in the event of an extreme weather event, if they’re able

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