Atlantic Canada experienced
record-breaking rainfall in 2015, with floods causing power outages, damage to property, and even casualties. As part of the insurance industry’s
commitment to help address climate change, the
Insurance Bureau of Canada (IBC) has pointed out that Canada is the only G7 country without a national flood program. The insurance body believes that it is time to formulate such a plan.
Don Forgeron, president and CEO of IBC, will this week be delivering a talk about the organization’s proposal for a made-in-Canada plan for managing flood risk, as well as how flooding and the proposal will affect Atlantic Canada. According to the IBC, having a definite flood program will help mitigate the financial damage caused by climate change and help protect the finances of all Canadians.
The event, titled “Atlantic Canada and the Costs of Climate Change: Making the Case for a National Flood Program”, will be held on February 25, 2016 from 11:45am to 1:30pm at Halifax Marriott Harbourfront Hotel.
Recently, the IBC has also
applauded the government of British Columbia for upgrading the disaster preparedness capabilities of the province, including dike improvements and flood protection. The BC government will also be creating an agency tasked to help prevent and combat wildfires.
