Tag Archives: Justine Bowman

How climate change impacts insurance costs

By Bhagyashree Chatterjee, The Squamish Chief, Local Journalism Initiative Reporter

As home insurance costs increase due to climate change, mitigation efforts can help residents stabilize their costs.

“We’re seeing more wildfires, floods, and storms driving up insurance costs,” said Justine Bowman, branch manager at Westland Insurance Group.  

Over the past decade, the cost of claims related to natural disasters in Canada has tripled, reaching over $2 billion annually on average, according to the Insurance Bureau of Canada (IBC).  

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