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Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses and insurers underestimate that escalating risk, according to one of the world’s leading reinsurance firms.
Overall, the northern nation has proved to be among the world’s most climate-resilient countries, having so far escaped the worst effects of the natural weather disasters whipped up by global warming, according to a report by Swiss Re AG. That has included hurricanes. Although they’ve become increasingly ferocious, they often dissipate before reaching Canada.
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