Reuters gives insight into after COVID revenue collapse, Canadian municipalities face insurance premium spike

Reuters took readers on a deep dive into how 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. Cities to protect against claims in the event of accidents on municipal properties or roads, and to deal with risks including cyberattacks and natural disasters – so forgoing coverage is not an option.