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Government of Canada’s National Adaptation Strategy

OTTAWA, ON, 24 November 2022 /CNW/ – Today the government of Canada released its first ever national adaptation strategy titled, “Canada’s National Adaptation Strategy: Building Resilient Communities and a Strong Economy.”

Insurance Bureau of Canada logo (CNW Group/Insurance Bureau of Canada)

Insurance Bureau of Canada logo (CNW Group/Insurance Bureau of Canada)

Following the release of the National Adaptation Strategy, Craig StewartVice President, Climate Change and Federal Affairs, Insurance Bureau of Canada (IBC), issued the following statement:

Canada’s first National Adaptation Strategy is bold and ambitious. No other country has proposed such a comprehensive set of adaptation targets. We praise the ministers Bill Blair, Steven Guilbeault and Jonathan Wilkinson and their teams on this important achievement.

“The elements proposed in this strategy, particularly the use of clear risk reduction goals and outcome-based targets, are truly world-leading and are critical both to the resilience of our country and to the protection of Canadians.

“The gauntlet is now being thrown. The federal government has shown the necessary leadership and rightly expects all of us to step up to help them prioritize and act on these elements.

“IBC has long advocated for a national adaptation strategy that would lead to tangible, short-term measures to improve Canada’s climate defense and for the government to prioritize investments that reduce the impact of these severe weather events on families and communities. Using outcome-based targets, Canada rightly sets a clear focus on its climate defense in the short term to protect Canadians. The proposed investments in infrastructure in this National Adaptation Strategy will be a welcome down payment for the actions needed to achieve these targets.

“Over the past 15 years, insurance claims due to severe weather have more than quadrupled. In today’s world of extreme weather events, the new normal for annual insured catastrophic losses in Canada became $2 billion – most of this due to water related damage. Between 1983 to 2008, Canadian insurers averaged approx $422 million a year in losses related to severe weather. The time to act is now and we are proud to see that this National Adaptation Strategy provides an opportunity for action.”

About Insurance Bureau of Canada

Insurance Bureau of Canada is the national industry association that represents Canada’s private home, car and business insurers. Its member companies make up the vast majority of the property and casualty insurance market Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available to all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It faces key issues and helps educate consumers on how to best protect their homes, cars, businesses and properties.

For media releases and more information, visit IBC’s media center at www.ibc.ca. follow us on Twitter @InsuranceBureau and like us on Facebook. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Center at 1-844-2ask-IBC.

SOURCE Insurance Bureau of Canada

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