The Financial Post reports in its Tuesday, Oct. 8, edition that the insurance sector now considers climate change a top priority, with chief executive officers facing questions about it regularly. The Post's Gabriel Friedman writes that Intact Financial chief executive officer Charles Brindamour sees climate change as a "growth opportunity" despite the increasing catastrophic losses. He noted that natural disasters have quadrupled in the past 30 years and that Intact has adapted by collecting new data and pricing policies differently from other insurers. Mr. Brindamour expects natural disaster-related damages to increase by about 50 per cent over 15 years due to global warming and believes that insurance prices will continue to rise as a result. However, he also pointed out that many losses from severe weather events are uninsured, posing a significant future cost for the economy. He said, "For every dollar insured, there's $3 uninsured and I think it is a problem that all of society should tackle." This summer proved to be the costliest season for natural disasters in Canadian history, with more than $7-billion in catastrophic losses resulting from four severe weather events.