Now that Carney has a majority, expect his government to start taking these fools seriously again.
“It feels to me like this (climate) has been somewhat deprioritized. And that’s why we’re going to, as an industry, keep it at the top of the table,” Rowan Saunders, the CEO of the country’s fourth-largest property and casualty insurer Definity, said in an interview.
“We’re at a point now in Canada where we can have what used to be a year’s worth of severe weather losses happening in a single day. And we don’t have the level of public investment commensurate to that reality right now,” said David Leibl, vice president of sustainability and corporate affairs at Winnipeg-based insurer Wawanesa. “We need to close that gap.”
Saunders is a grifter. Or should I say shyster?
Yup, Saunders seems a prick who profits by crying the sky is falling the sky is falling and raises home, car, business etc insurance rates and then books record profits.
I love the “warmest year ever” cry and I have two days of snow in my Calgary forecast 🙁 …. warmest ever my cold, snowy, frozen ass!!!
I was born and raised in Calgary….I recall many times watching huge hail storms coming in from the west to the north of us. There were no homes….there are thousands of them now and they often get hammered by hail. It isn’t that the climate has changed but rather that areas that got hit in the past are no longer fields, but urban areas. And of course all those homes in those areas pay insurance premiums (well except in the area that George Chahal was elected as a Liberal after he pushed for City money to help out those in his ward when he was councillor to pay for hail damage) where they didn’t before because they didn’t exist.
“Net income rose 56.7% for the Canadian property and casualty insurance industry last year, according to data from the industry regulator, which requires they hold strong capital levels.”
What other industry had net income grow by 56.7% in canada last year, while still getting it’s regulator to agree to fee increases above the CPI?
Here’s an idea! Crack down on arsonists! Long jail terms for eco terrorists and other assorted stupid people who start fires accidentally or on purpose. How about actually TRYING to solve arsonist-started wildfires.
Too much to ask for in Canada
All this is great news in that it will hasten the inevitable permanent demise of the idiocrasy known as the Monarchy of Canada and the bankruptcy of the parasitical socialist underclass.
Amen, it can only hasten the speed with which with this shitstain, this joke of a country fails.
The Parasitic Class never gets enough of other people’s wealth.
I look forward to Alberta taking the off ramp.
holy mackerel l got it! right in front of us the whole time!!! they camouflaged it, aka hidden in plain sight.
it aint ‘climate’ its clime ate. ie climate issues ATE UP everything else.
According to the IPCC’s latest comprehensive report: “For every 1000 GtCO2 emitted by human activity, global surface temperature rises by 0.45°C (best estimate, with a likely range from 0.27°C to 0.63°C).”
https://www.ipcc.ch/report/ar6/syr/downloads/report/IPCC_AR6_SYR_SPM.pdf
See page 19
Combine this with Canada’s annual emissions of 685 megatonnes, do some simple arithmetic and you’ll find that the TOTAL impact of Canada’s emissions on global temperature is 0.00028°C/yr. Stated in other terms, this is one degree Celsius per 3,571 years.
Feel free to be panicked by the insurance industry.
That’s assuming the IPCC is correct about human emissions causing dangerous global warming.
The evidence says they are not.
That quoted temperature change might require a “special” thermometer.
Most likely a “virtual” one.
Build a development on a known flood plain. Get flooded out in the Spring. Holler “CLIMATE CHANGE!” Receive lots of tax dollars.
Precisely.
Welcome back, consumer carbon tax. We missed you.
It’s important to note that the insurance industry which works hand in hand with the gov’t of our day, repeats from gov’t stats the insurance losses as dollar figures while those who keep track of actual acreage burned in forest fires show the trend is falling.
The gov’t inflates the currency by $billions each year, inflation follows, costs rise, then they cite rising insurance costs while the true problem is the declining value of the dollar.
That their net income rose by 56% last year, would indicate to me that they’re well ahead of the inflation curve.
“Alberta has been a focal point of losses, where events like the $3 billion hailstorm and $1.1 billion Jasper wildfire in 2024 led to industry operating costs exceeding premium revenues by nearly 20 per cent that year, according to the TD report.”
I blame the entirety of the Jasper fire on our inept federal gov’t, these losses all occurred on federal gov’t land.
No doubt the currency launderers at TD Bank would agree in this report, but again if they were being truthful they’d be able to cite actual acreage burned, or flooded by either water flow at rivers, or in acre feet of rainfall. All of which is already in the public domain.
I expect as long as inflation is playing a role in our inablity to buy red meat, inflationary losses will also increase.
“Everybody is kind of doing the best they can, and consumers are sort of on the receiving end,” said Dreff.”
I don’t believe the gov’t is “doing its best” nor the insurance industry, actually I’d say we’re being lied to at every step of the way, and no aspect of our lives is measurable in terms of “doing our best”.
Holy crap Yahoo News. At every step in this article, they evade the true problem of why their costs are rising.
All to fellate their masters in Ottawa, and continue to blame the citizenry.
Neither Panama, Colombia, Costa Rica, Guatemala, El Salvador or Mexico are concerned, not one, little, bit.
It’s a HOAX.
One small quibble, it’s a grift, not a hoax.
It is both
Hail! I am Hoaxgrift, the Viking! Were you calling me just now?
Hey FILTHY LIBERALS,
The flooding we have in Ontario is getting bad.
I Saw a foot of Climate Change over the road.
For stupid FILTHY LIBERALS, that’s 740 cm if you include all the Carbon Tax that was hidden under all of that climate change.
This is Iran’s fault
Insurance profitability is growing on the basis of rate increases for insuring churches.
Rent seeking assholes.