The Government of British Columbia has unveiled its 2024 Budget, responding to the urgent need for climate resilience following unprecedented wildfires and record-breaking floods.
Aaron Sutherland, Vice-President of Insurance Bureau of Canada (IBC), applauds the $405 million investment to enhance wildfire and flood mitigation response and recovery efforts. While insurance covers wildfires, many British Columbians lack affordable flood protection. Sutherland calls on the federal government to advance the National Flood Insurance Program urgently. In a climate where flooding is Canada's top threat, millions remain vulnerable. The federal government's commitment to this program, crucial for safeguarding citizens from financial ruin, demands swift action.
For more details on the industry's proposal, visit FundFloodInsurance.ca