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Home insurance bills will be higher in 2025 due to severe weather: experts | Globalnews.ca

Global News
Summary
Nutrition label

74% Informative

In 2025 , home insurance rates have risen 5.28 per cent , well above the rate of inflation.

The Insurance Bureau of Canada reports record-breaking losses of $8.5 billion paid out in 2024 , triple that seen in 2023 .

Insurance experts say climate change is a major driving force.

VR Score

77

Informative language

75

Neutral language

69

Article tone

informal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

1

Source diversity

1

Affiliate links

no affiliate links

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