B.C.’s land management decisions led to catastrophic flood, claims suit - Business in Vancouver

After $563 million in September storm losses, insurers want spending on infrastructure and prevention The Insurance Bureau of Canada (IBC) is calling on governments to spend more on flood prevention and to give Canadians access to flood risk information. It points to the September storms in southern Ontario as the latest warning of rising weather losses.

Losses are increasingly hitting lower-risk areas where insurance take-up can be weakest, says Davies leader Flood risk is becoming harder to confine to the areas brokers and homeowners have historically viewed as most exposed.