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NFP Welcomes Grant Smith, Energy and Marine Industry Expert

Press release content from PR Newswire. The AP news staff was not involved in its creation. ....

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After COVID revenue collapse, Canadian municipalities face insurance premium spike

After COVID revenue collapse, Canadian municipalities face insurance premium spike
Reuters
18 hrs ago
By Nichola Saminather
© Reuters/CHRIS HELGREN
FILE PHOTO: A row of houses under construction is seen at a subdivision near the town of Kleinburg
By Nichola Saminather
TORONTO (Reuters) - Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents.
The increase in premiums, about 20% to 30% in many cases, has been driven by a shrinking pool of insurers, more claims in an increasingly litigious climate and uncertainty around payout amounts. ....

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Canadian municipalities face insurance premium spike, forcing service cuts, property tax hikes

Canadian municipalities face insurance premium spike, forcing service cuts, property tax hikes
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

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After COVID revenue collapse, Canadian municipalities face insurance premium spike

After COVID revenue collapse, Canadian municipalities face insurance premium spike
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

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Canadian municipalities face insurance premium spike, forcing service cuts, property tax hikes

Canadian municipalities face insurance premium spike, forcing service cuts, property tax hikes
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