Canada Starting To Build A “Culture Of Climate Resilience,” Insurers Say

Canada is starting to create a culture of climate resilience, particularly around overland flood risk, says the Insurance Bureau of Canada (IBC), an association of Canada’s home, auto and business insurers. “We’re encouraged and fairly optimistic that the wheels are in motion,” IBC’s vice president of federal affairs Craig Stewart told Canadian Underwriter Tuesday. “It’s going to take a bit of time to get there—we expect we are probably in a decade-long transition. But we’re hopeful that this process will lead to a heightened level of public awareness.”