Articles on Insurance

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Many houses still do not have cyclone-ready roofs, so are liable to lose them if hit by the full force of the storm. Dan Peled/AAP

Homes can be better prepared for cyclones. But first we must convince the owners

Most homes are not as cyclone-ready as they could be. It seems lower insurance premiums aren't enough of an incentive for owners to upgrade their homes, but a new study points to some solutions.
Insurers have to protect themselves against foreseeable risks. For insurers of fossil fuel projects, those risks are growing. Shutterstock

Adani beware: coal is on the road to becoming completely uninsurable

The decision of Suncorp to dump coal, just months after the re-election of the Morrison government, makes it clear that insurers can't afford wishful thinking.
Flooding in La Platte and other cities in Nebraska have so far caused an estimated $1 billion in damages. Reuters/Drone Base

Why flood insurance needs an overhaul: 6 questions answered

The Trump administration has proposed a major revamp of the National Flood Insurance Program since its inception in 1968. Here's why it needs fixing.
About 100 homes in Angus, Ont. were damaged by a tornado in June 2014. Ten lost their roofs and had to be demolished. Gregory Alan Kopp, Western University

As climate changes, the way we build homes must change too

Weather-related catastrophic events have cost Canadians more than $17 billion in the past decade. That only stands to grow, unless building codes change to make homes more resilient.
Households in rural and regional areas are more likely to be insured than those in cities, possibly because rural residents are more attuned to environmental conditions and the risks to property. Tasmania Police/AAP

Insurance is unaffordable for some, but it’s middle Australia that is underinsured

The differences between owners and the growing number of renters, and between rural and urban areas, point to explanations other than affordability for the one-in-two Australians who are underinsured.
Do people need insurance against hacking? ra2studio/Shutterstock.com

As digital threats grow, will cyber insurance take off?

As cyberattacks and hacking become more common, businesses and private individuals are realizing that cleaning up from digital destruction can be expensive.
Industry representatives wear fitness trackers at the International Consumer Electronics Show in January 2014 in Las Vegas. Health and fitness information is being increasingly shared with insurance companies. (AP Photo/Julie Jacobson)

Why life insurance companies want your Fitbit data

Insurer John Hancock now requires customers to use activity trackers for life insurance policies. Here's how that will put life insurance and even mortgages out of reach for many people.

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