EDMONTON, July 14, 2013 /CNW/ - The Alberta Government today announced a
series of policy decisions, aimed at preventing another flooding
catastrophe. The Government is also providing guidance and support for
Albertans who will rebuild flood-damaged homes and is taking additional
steps to mitigate damages similar to what we saw during the recent
"We wholeheartedly support the Alberta Government's continued leadership
on flood mitigation. We believe today's announcement will make
communities more resilient and avoid future damage caused by flooding,"
said Bill Adams, Vice President, Western and Pacific, Insurance Bureau
of Canada. "You can count on insurers to continue to work alongside the
Alberta Government towards the rebuilding and restoration of these
He added: "The Canadian property and casualty insurance industry has
long supported adaptation initiatives to protect the country from new
weather realities. One such measure in development is MRAT, the
Municipal Risk Assessment Tool that addresses infrastructure
vulnerability in communities across Canada. We believe that once in
operation, MRAT will help municipalities prioritize their
infrastructure improvement spending."
Canada's insurers have been focused on the Alberta floods and helping
customers recover. Over 5,000 staff and adjusters have been deployed
to deal with flood related claims. For residents who may have
insurance questions, call IBC's Consumer Information Centre at
1-800-377-6378. Consumers can get advice from insurance industry
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 approximately 90% of the private property
and casualty insurance market in Canada. The P&C insurance industry
employs 118,600 Canadians, pays more than $7 billion in taxes to the
federal, provincial and municipal governments, and has a total premium
base of $46 billion.
To view media releases and other information, visit the media section of
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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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