Quote:
Originally Posted by Cappy
I mean, sure. Insurance companies cry about this all the time, but is there loss of profits a result of PI claims or property claims.
New article today on this same issue:
https://calgary.ctvnews.ca/extreme-w...stem-1.7120015
Calgary hailstorms cost insurance companies billions a year in property payouts, which are entirely different than injury payouts; and these will only get worse.
I have always said, we will only get serious about climate change when insurance companies stop insuring natural disasters as they increase. |
To be fair on the property side of things the choice for crappy vinyl is a builders choice due to costs, same with roofs and insurance companies were just replacing with like quality but they are finally realizing investing more now will save later and some are starting to offer upgrades like plank siding and tin roofs etc. For this to be cost effective they need to get builders on board and make the change right from the build so I don't know if we will see full adoption.