Severe weather has taken its toll on Canada, and insurance companies are ready to share the pain.
The recent wild weather could soon have an impact on your wallet, if it hasn't already, through your insurance rates.
Intact Financial Corporation, one of Canada's largest property insurers, says it has raised premiums upwards of 20% over the last few months as weather-related damage claims have risen.
Weather damages cost the industry $3-Billion in 2013, which is the largest payout in years That total is also without factoring the December ice storm that caused widespread damage in Ontario, Quebec and the Maritimes. Insurance companies say it's too early to tell how many millions will be claimed from the ice storm.
But the Insurance Bureau of Canada severe weather seems to be a trend that shows no sign of slowing down.

UPDATE: Oxford Braces for Extreme Cold and Blowing Snow
Woodstock Chamber Promoting Local Businesses
WPS Conduct Open Air Drug Enforcement
PJHL Preview - Feb 6th to Feb 8th
Suggestions Open for Oxford Reads 2026
One Killed in Tillsonburg Crash
Ingamo Homes Receives OTF Grant
UPDATE: Suspect Arrested Following Weapons Investigation
OCAR Prepares for Valentine's Day Bake Sale
IDCI Club Supporting Iconic Graduate
UPDATED: Human Remains Identified
WPS Police Briefs - February 4th, 2026
Executive Director Set to Retire from OCF
Fundraising Booming for CNOY in Oxford
Applications Open for Tourism Innovation Grant
Two Impaired Drivers Charged in Tillsonburg
Oxford OPP Briefs - February 4th, 2026
SWPH Issues Cold Weather Alert
UPDATE: Non-Life Threatening Injuries Reported in Highway 59 Crash
Interview with the Mayor - February 3rd, 2026
Comments
Add a comment