TORONTO, Feb. 16, 2012 /CNW/ -
|WHAT:||Luncheon address by Don Forgeron, President & CEO, Insurance Bureau of Canada, to the Halifax Club|
|WHY:||Too much unwanted water as a result of severe weather is an issue that continues to make headlines around the world. And it's getting worse. In Canada, water claims have surpassed fire as the number one cause of home insurance payouts in many parts of the country. IBC's data show that insured water losses in Nova Scotia rose from more than $20 million in 2005 to more than $38 million in 2009 - almost doubling in four years. Don Forgeron, originally from Nova Scotia, provides insights into how severe weather is taking a growing social and economic toll on neighbourhoods where people live, work and play. He also talks about the importance of bringing governments, the private sector, citizens and community groups together to work on adaptation strategies and outlines the initiatives his industry is developing to minimize the impact of severe weather.|
|DATE/LOCATION:|| Thursday, February 23, 2012, 11:30 a.m.
The Halifax Club
1682 Hollis Street
About Insurance Bureau of Canada
Insurance Bureau of Canada is the national industry association representing Canada's home, car and business insurers. Its member companies represent 90% of the private property and casualty (P&C) insurance market in Canada. The P&C insurance industry employs over 114,000 Canadians, pays more than $7 billion in taxes to the federal, provincial and municipal governments, and has a total premium base of $40 billion.
To view media releases and information, visit the media section of IBC's website at www.ibc.ca.
For further information:
If you wish to attend the speech at the Halifax Club, you must confirm attendance with IBC prior to the event. To attend and/or book an interview with Mr. Forgeron, please contact:
Director, Media Relations, IBC
(416) 362-2031 ext. 4387
Manager, Government Relations, IBC
(902) 429-2730 ext. 225
Communications Department, IBC