Flood coverage confusion persists despite wide availability - Insurance Business

His physician's notes and his excuse for the delay didn’t add up to the same story What happened: A driver says memory loss and confusion over overlapping insurance coverage made him file his accident benefits paperwork a year late; the tribunal disagreed

After $563 million in September storm losses, insurers want spending on infrastructure and prevention The Insurance Bureau of Canada (IBC) is calling on governments to spend more on flood prevention and to give Canadians access to flood risk information. It points to the September storms in southern Ontario as the latest warning of rising weather losses.

Losses are increasingly hitting lower-risk areas where insurance take-up can be weakest, says Davies leader Flood risk is becoming harder to confine to the areas brokers and homeowners have historically viewed as most exposed.