Insurers braced to weather climate change

Get ready to pay more on your insurance premiums. And you can thank poor weather for that as well. Canadian insurers are warning that climate change is forcing them to re-examine their coverage policies as costs spiral upward from floods, wind storms and other natural phenomena. Climate change is the greatest strategic threat facing the insurance industry according to a new list of insurance risks that financial advisory firm Ernst & Young released on Monday, outlining the challenges insurers face.