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IBC and P&C industry back flood mapping and other risk reduction plans

By: , Published on , Last Update on March 20, 2017 07:10 AM

The Insurance Bureau of Canada (IBC) has said the property and casualty industry in Canada remains in support of federal government plans to improve disaster risk reduction and improve infrastructure around the country.

“Our industry remains committed to being a full partner with the federal government as we work together to make Canadian communities safer, stronger and more resilient in the fight against the severe weather effects of climate change,” Craig Stewart, vice president of federal affairs at IBC.

The IBC is the national body that backs home, auto, and business insurance companies throughout Canada. Stewarts was speaking after the Fifth Regional Platform for Disaster Risk Reduction in the Americas (RP17), hosted by the Government of Canada, in collaboration with the United Nations Office for Risk Reduction (UNISDR).

The event was held in Montreal and featured participants from around the Americas. The hope is to reduce catastrophic disasters and improve plans for managing risk. Public Safety Canada (PSC) says the event acts as a base for delegates to approve a Regional Action Plan (RAP) that adheres to the United Nations Sendai Framework for Disaster Risk Reduction.

Over 2016, the Americas were hit by notable disasters, including Hurricane Matthew, the Fort McMurray wildfire, and major fires in Chile and Ecuador.

A major announcement from Canada was also part of RP17. Specifically, Ralph Goodale, minister of public safety and emergency preparedness released the first ever Federal Floodplain Mapping Framework.

Category: News


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