Keyword
flood mitigation
The other financial hit your commercial client takes after a flood
July 29, 2020 by Adam MalikFM Global is raising concerns about companies that don’t practice flood mitigation on their properties, warning that flooding perils decrease an organization’s value by 5% a year after the event. Investors will have their confidence shaken regarding the company’s decision-making…
A new way to make insurance for high-risk homes in flood plains affordable
November 14, 2019 by Adam MalikAmphibious architecture could be the key to mitigating flood risk and making insurance affordable for those living and working in floodplains, according to one expert. The technology allows structures to float as water levels rise. Amphibious construction and retrofitting of…
What the Liberal minority government means for insurers
October 22, 2019 by Adam MalikSomething good may be in store for the property and casualty insurance industry as a result of the federal election Monday night. With the re-election of the federal Liberal party, albeit a minority, the stage is set for the speedy…
Are federal politicians and the P&C industry aligned on flood prevention?
October 4, 2019 by Adam MalikInsurance Bureau of Canada (IBC) has “been very vocal” throughout the federal election campaign on the need for a national plan to reduce flood risk, Craig Stewart, the group’s vice president of government affairs told Canadian Underwriter in a recent…
Flood mitigation work between insurance industry and federal government continues, NICC hears
October 8, 2017 Jason Contant, Online EditorWhile the federal government understands the problem surrounding flood mitigation in Canada, “we’re not there yet” and the insurance industry and government are still working on a solution, a speaker said on Oct. 3 at the National Insurance Conference of…
RIMS calls for reauthorization of National Flood Insurance Program, warns of consequences of expiration
August 16, 2017 by Canadian UnderwriterRIMS, the risk management society, is calling on its U.S. membership of risk management and insurance professionals to support its push for the reauthorization of the National Flood Insurance Program (NFIP). “The program’s expiration on September 30, 2017 would leave…
Alberta government addressing flood resilience in Calgary
August 14, 2017 by Canadian UnderwriterThe province of Alberta reported on Friday that it has begun implementing advice from a report that identifies ways to improve flood resilience in Calgary and better water management throughout the Bow River basin. The Advice to Government on Water…
IBC applauds Toronto port lands flood protection funding
June 30, 2017 by Canadian UnderwriterInvestments in flood mitigation will help make Toronto’s under-used Port Lands safer for mixed-use development, Insurance Bureau of Canada suggested Thursday in reaction to a June 28 announcement that the federal and provincial governments will contribute $1.185-billion towards a project…
City of Edmonton examining flood mitigation options
June 9, 2017 by Canadian UnderwriterStaff from the City of Edmonton are scheduled to look at flood mitigation options for the city as the next step in its examination of upgrades to drainage infrastructure. The city said in a press release earlier this week that…
Southern Alberta town ravaged by 2013 flood sees development as promising sign
June 8, 2017 The Canadian PressHIGH RIVER, Alta. – A new housing and retail development in High River, Alta., is being hailed as proof of renewed confidence in the town’s ability to handle another flood event. Massive floods that raged through southern Alberta in the…
Need for more collaboration between municipalities one lesson learned from Fort McMurray wildfire, CIFF conference hears
May 26, 2017 Jason Contant, Online EditorThe need for more collaboration between various municipalities and the consequences of poor land use policies were just two lessons learned from the Fort McMurray wildfire, a speaker said on Wednesday at the Canadian Insurance Financial Forum (CIFF). Michael Brisebois,…
Government of Alberta boosts Calgary’s flood resilience with $13.4 million investment
April 12, 2017 by Canadian UnderwriterThe Government of Alberta announced on Wednesday that it is investing about $13.4 million to help the City of Calgary boost its flood readiness. Six provincial grants are part of $63 million earmarked in Budget 2017 to help Alberta communities…