Canadian insurance market now refusing to cover Nunavut hamlets, resulting in higher costs – Nunavut News
March 31, 2026
Municipalities in Nunavut received $78 million dollars from insurance companies between 2018 and 2025, convincing Canadian companies to declare communities in the territory “uninsurable,” according to Peter Boucher, principal attorney for the Nunavut Association of Municipalities Insurance Exchange.
During that period, hamlets received more than 10 times as much from insurance companies as they paid in premiums, Boucher explained to a crowd of municipal officials at the Baffin Mayor’s forum on March 11.
