Alberta taking leadership role in adaptation strategies
CALGARY, May 29, 2013 /CNW/ - Don Forgeron, President and CEO of
Insurance Bureau of Canada (IBC), told an audience of Calgary business
and government leaders today that increasingly severe weather is
jeopardizing lives, property and livelihoods across the country and he
said Alberta is getting hit harder than the rest of Canada.
Mr. Forgeron praised the Alberta government for becoming the first
province to release a climate change action plan in 2002 and challenged
the entire province to continue to carry this banner of leadership.
"Today, Calgary is looking at its adaption response - and insurers are
delighted," he said. "Adaptation is realistic, pragmatic, global and
forward thinking - and a responsibility that Calgarians and Albertans
are ready for," he added.
In the four years from 2009 to 2012, when insured losses in Canada from
natural catastrophes were pegged at, or near, a billion dollars a year,
Alberta suffered the most with an average of $673 million a year in
insured losses from natural catastrophes. Some examples include:
In 2012, hail storms wreaked havoc across the province causing $530
million dollars in damage.
In November 2011, officials had to shut down the downtown core of
Calgary during high winds.
Also in 2011, fire ravaged the community of Slave Lake with losses
pegged at over $700 million.
In 2010, a hailstorm pounded Calgary with hailstones almost two inches
large. The storm registered damage claims totaling $500 million
"Insured losses in Alberta have eclipsed those in other provinces -
reaching hundreds of millions of dollars each year," Mr. Forgeron
said. "And we can't forget that behind these statistics, are stories
of injured residents, severely damaged and flooded houses, trees
uprooted, cars smashed, businesses interrupted, roads washed out and
Being on the front lines when disaster strikes, the insurance industry is very aware of the costly and devastating impact of severe weather. For years, IBC has played a leadership role in
conducting research and developing sound strategies to help Canadians
About Insurance Bureau of Canada
Insurance Bureau of Canada is the national industry association
representing Canada's private home, car and business insurers. Its
member companies represent 90% of the property and casualty (P&C)
insurance market in Canada. The P&C insurance industry employs over
115,000 Canadians, pays more than $7 billion in taxes to the federal,
provincial and municipal governments, and has a total premium base of
To view media releases and other information, visit the media section of
IBC's website at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau or like us on Facebook.
SOURCE: INSURANCE BUREAU OF CANADA
For further information:
If you require more information, Mr. Forgeron would be available to discuss the details in this media release. To schedule an interview, please contact:
Insurance Bureau of Canada
Media Relations Officer
Insurance Bureau of Canada
416-362-2031 x 4312