Reuters gives insight into after COVID revenue collapse, Canadian municipalities face insurance premium spike - Reuters News Agency
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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.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Financial Services
Regions: North America
Countries: Canada
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: A row of houses under construction is seen at a subdivision near the town of Kleinburg, Ontario, Canada May 13, 2017.  REUTERS/Chris Helgren/File Photo
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