19
May
Calgary (Rajeev Sharma): Residents of northeast Calgary are facing unprecedented increases in home and auto insurance premiums. This surge is attributed to a series of devastating hailstorms, construction practices, and weather modification efforts.Repeated Hailstorms and Insurance Impacts: The region has experienced several severe hailstorms in recent years, notably in 2016, 2020, and 2024. The August 2024 storm alone caused an estimated $3.25 billion in damages, making it one of the costliest in Canadian history. These events have led to skyrocketing insurance premiums, with some homeowners reporting increases of up to 35% and deductibles as high as $10,000. In certain cases,…
