Johnston, Craig; Vallée, Geneviève; Hosseini, Hossein; … - 2023
We assess the potential financial risks of current and projected flooding caused by extreme weather events in Canada … and casualty insurers based in Canada. We find that the direct damages of flooding have modest impacts on the FIs' loss … increase in house prices across Canada. Nevertheless, some risk channels have emerged. Notably, the combined influence of high …