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flood mitigation

News Insurance

What the Liberal minority government means for insurers

October 22, 2019 by Adam Malik

Something 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

News Insurance

Are federal politicians and the P&C industry aligned on flood prevention?

October 4, 2019 by Adam Malik

Insurance 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

News Climate ChangeInsuranceMarkets / Coverages

Flood mitigation work between insurance industry and federal government continues, NICC hears

October 8, 2017 Jason Contant, Online Editor

While 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

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RIMS calls for reauthorization of National Flood Insurance Program, warns of consequences of expiration

August 16, 2017 by Canadian Underwriter

RIMS, 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

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Alberta government addressing flood resilience in Calgary

August 14, 2017 by Canadian Underwriter

The 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

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IBC applauds Toronto port lands flood protection funding

June 30, 2017 by Canadian Underwriter

Investments 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

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City of Edmonton examining flood mitigation options

June 9, 2017 by Canadian Underwriter

Staff 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

News CatastrophesConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Southern Alberta town ravaged by 2013 flood sees development as promising sign

June 8, 2017 The Canadian Press

HIGH 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

News CatastrophesInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Need for more collaboration between municipalities one lesson learned from Fort McMurray wildfire, CIFF conference hears

May 26, 2017 Jason Contant, Online Editor

The 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,

News CatastrophesClimate ChangeConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Government of Alberta boosts Calgary’s flood resilience with $13.4 million investment

April 12, 2017 by Canadian Underwriter

The 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

News CatastrophesInsuranceMarkets / Coverages

ICLR launches backwater valve installation website for homeowners and professionals

April 5, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) has launched a backwater valve installation website to provide basic information about sewage backflow prevention devices to assist homeowners in better understanding what they are and how they work, and aid plumbing professionals

News CatastrophesClimate ChangeInsurance

IBC commends federal government’s focus on infrastructure and flood mitigation in 2016 fall economic statement

November 2, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is applauding the Government of Canada’s focus on infrastructure investments and flood mitigation in its recently released Fall Economic Statement 2016. In the statement, released on Tuesday, the federal government proposed $21.9 billion over