Canadian insurance industry is calling for a national flood insurance program

Homeowners flood Insurance

Insurers are warning of the disastrous impact of climate change and flooding The Canadian insurance industry is beginning to express serious concerns about climate change. Severe flooding struck Alberta in 2013, causing massive damage in many populated parts of the province. These floods were unusual for the time of year in which they occurred. The Alberta government has identified the floods as the worst natural disaster to befall the province, causing some $1.7 billion in financial damage. Insurers are warning that floods, as well as other natural disasters, will become…

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