Board officials considering industry wide changes in that country. According to the Insurance Board of Canada, recent extreme weather events have caused damage leading to millions of dollars in auto and homeowners insurance claims this summer, alone. An industry analyst pointed out that this is a significant change in the insurance market. According to industry relations analyst Pete Karageorgos from the board, the most common homeowners insurance claims used to be related to fire and theft. He explained that “The majority of events back then were fires and theft and…
Read MoreHomeowners insurance claims in Canada primarily weather related
