Ahead of the storm
Developing flood-resilience guidancec for Canada's commercial real estate
Flooding is the costliest natural disaster impacting Canadians and is the lead driver in rising catastrophic insurable losses for the property and casualty insurance sector in Canada.
- Insured losses averaged $1.8 billion annually from 2009 to 2018, compared to $405 million annually from 1983 to 2008. Commercial real estate owners and managers are exposed to impacts of flooding, and tenants are becoming increasingly concerned with potential business disruption and loss of life during flood events.
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