Thursday, November 17, 2011

These people think you're stupid: Carbon dioxide blamed for Canadian home insurance premiums rising as much as 15% since last year

Climate change blamed for spike in home insurance premiums | News | Financial Post

Canadians renewing their home insurance are likely to find their premiums have risen sharply from last year, and the Insurance Bureau of Canada says the main culprit is climate change...Henry Blumenthal, the chief underwriter for TD insurance, left no doubt he is a firm believer in global warming. “Not only do we believe, it’s a proven fact,” he said in an interview, adding premiums for his customers are rising 10% to 15% because of the issue. “It’s the number one headache issue the property and casualty industry is facing.”

1 comment:

BritInMontreal said...

Strange, mine went down 2% tthis November