Road to Recovery: How the COVID-19 pandemic and climate change have changed the insurance industry


In this week’s segment of Road to Recovery with Douglas Magazine, CHEK’s Jasmine Bala chats with Laura Bolster, president, partner and chief operations officer at Megson FitzPatrick.

Megson FitzPatrick is a Vancouver Island-based insurance company that’s been around since the late 1960s. It offers business, personal, auto, motorcycle and life insurance.

The team provides “personalized and innovative insurance and risk management solutions protect the businesses, people and property within the communities we live,” according to its website.

The insurance industry is dealing with the dual crises of the COVID-19 pandemic and climate change, with severe weather events becoming more frequent.

Bolster discusses in this episode how these challenges are affecting commercial and residential policies, what homeowners and tenants should be aware of, and the future of insurance in Canada.

Road to Recovery is done in partnership with Douglas Magazine.

READ MORE: Road to Recovery: Economist predicts Vancouver Island’s economy will ‘bounce back’ in 2022 after Omicron restrictions lift

Jasmine BalaJasmine Bala

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