Home insurance rate transparency needed as extreme weather costs rise: complaint

News Room
By News Room 7 Min Read

TORONTO – Ontario’s financial services regulator should be more active on the issue of rising home insurance rates because of extreme weather, says a complaint filed Thursday.  

The submission by an advocacy group to the Financial Services Regulatory Authority of Ontario (FSRA) says the rising frequency of floods and wildfires because of climate change is pushing rates towards unaffordable levels — and cutting some homeowners off entirely — and the regulator should be looking more into the concerning trend.  

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