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New data shows 2024 was the costliest year for commercial insurance losses in nearly a decade

Retrieved on: 2025-03-13 14:13:40

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New data shows 2024 was the costliest year for commercial insurance losses in nearly a decade. View article details on hiswai:

Summary

The article discusses the escalating impact of climate change on insurance, with Canada experiencing over $1.7 billion in commercial losses due to severe weather in 2024. Key events included wildfires and hurricanes, stressing the insurance industry's role in business recovery and resilience enhancement.

Article found on: www.newswire.ca

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