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An ill wind blowing: Insurers are bracing for challenges from climate change

Wednesday, October 18, 2017 @ 9:45 AM | By Dominic Clarke and Zack Garcia

Climate change is producing extreme weather events and adversely affecting communities around the world. Canada has already observed this first-hand. Floods in Calgary and Toronto, and wildfires in Fort McMurray, Alta., are but three examples. The insured losses stemming from the latter have been estimated at approximately $4 billion, making it the greatest insured loss in Canadian history.

The extent to which climate change was a factor in these and other extreme weather events, such as recent hurricanes Irma and Maria in the Atlantic, may arguably...