"Flood Insurance Not Possible Without New Maps, Insurers Say"

"Top executives with [Canada's] insurance sector — which suffered losses of more than $2 billion in southern Alberta’s recent floods — unanimously agree Canada will see more such disasters due to intense rains caused by climate change, making comprehensive flood insurance unavailable to homeowners."

"While the industry is divided on whether it can provide homeowners with policies to protect them against future overland flooding, a soon-to-be-released study found most companies believe there is still an urgent need for updated mapping that accurately identifies the increasing risk.

Co-author Blair Feltmate, a climate-change specialist at the University of Waterloo, said the executives surveyed said the maps are essential for industry to price its products and for governments to plan how they will protect vulnerable communities."

Matt McClure reports for the Calgary Herald September 15, 2013.

Source: Calgary Herald, 09/17/2013