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ÎÚÑ»´«Ã½ insurance rates need more transparency from Ont. regulator: complaint

Ontario’s financial services regulator should do more about rising home insurance rates linked to climate change, says a new complaint.

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ÎÚÑ»´«Ã½ insurance rates need more transparency from Ont. regulator: complaint

Neighbours deal with the flooding on Cordella Avenue after a severe thunderstorm caused localized flooding in ÎÚÑ»´«Ã½ on Wednesday, July 8, 2020. 


TORONTO - Ontario’s financial services regulator should do more about rising home insurance rates linked to climate change, says a new complaint.

The submission by a climate advocacy group to the Financial Services Regulatory Authority of Ontario (FSRAO) says extreme weather is helping propel rates toward unaffordable levels, and the regulator should at least be pushing for more transparency about the trends.

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