The Globe and Mail reports in its Thursday, Aug. 24, edition that a new report says Intact Financial, Fairfax Financial Holdings, Definity Financial and Trisura Group remain well capitalized to withstand the increased losses caused by more frequent severe weather. The Globe's Clare O'Hara writes that in a review of quarterly results, ended June 30, the four insurers reported positive earnings for the first half of 2023. The group of insurers continues to benefit from price increases, less volatile financial markets and higher interest rates, DBRS Morningstar's head of Canadian insurance, Nadja Dreff, says in a report released this week. However, based on the frequency of weather-related events reported this year, along with inflation, Ms. Dreff expects insurers will continue to be under pressure to increase the cost of personal and commercial property insurance premiums in the "short to medium term." The Canadian insurance industry has seen the number of natural-disaster claims more than quadruple since 2008 because of weather events such as hurricanes, floods, hailstorms and wildfires. Last year, such events accounted for $3.1-billion of insured losses -- up from just $40-million in 2008.