In many areas across Canada, climate change will erode the conditions necessary for property insurance to remain available and affordable.

The insurance industry and the economic benefits it provides are not sustainable without a concerted effort by Canadian municipal, provincial and federal policy makers to improve hazard and climate risk management. This policy brief describes the background for the role of insurance in governing hazards and climate change, describes challenges facing the insurance system and presents several policy recommendations aimed at sustaining and maximizing the insurance system and its benefits.

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