VANCOUVER, March 15, 2017 /CNW/ - Today, the Government of British Columbia announced significant funding for emergency preparedness projects across the province. Insurance Bureau of Canada (IBC) applauds these investments and supports the government's focus on mitigation and responsiveness. These efforts will help keep British Columbians safe when disasters strike.
"On behalf of Canada's property and casualty insurers, I would like to congratulate the Government of British Columbia on this important investment in public safety," said Bill Adams, Vice-President, Western & Pacific, IBC. "Our industry remains committed to being a full partner in making BC communities safer and stronger during natural disasters and the severe weather effects of climate change."
The government announced an investment of more than $80 million for flood prevention and protection, seismic safety, local government emergency preparedness, search and rescue, and fire prevention. The bulk of the funding will be allocated to the Union of BC Municipalities for local communities to develop and build on their emergency response plans.
"We all have a role to play in emergency preparedness," added Adams. "Canada's property and casualty insurers are working with communities, citizens and all levels of government to highlight the importance of disaster resilience. This funding further builds on the government's leadership and will go a long way in creating a strong, robust disaster-management system in this province."
About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.
P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $9 billion in taxes and has a total premium base of $49 billion.
For media releases and more information, visit IBC's Media Centre at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau or @IBC_West and like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1-844-2ask-IBC.
If you require more information, IBC spokespeople are available to discuss the details in this media release.
SOURCE Insurance Bureau of Canada
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