Insurance industry losses due to natural and weather-related disasters are behind the increases we are seeing in insurance premiums. And insurers are concerned that warmer global climates may be one of the contributing factors
by HENRY HENGEVELD
In 2011, the premium for my property insurance increased by 17 per cent. Not one to make waves, I paid without complaint. However, when the invoice for my annual insurance premium that arrived in the mail this spring showed another large increase, I decided it was time to ask some questions. Why, I asked my agent, did the premiums increase by 35 per cent over two years when there had been no change in coverage and no claims. It’s the weather, she replied!