Insurance Bureau of Canada Statement: B.C. government’s Climate Preparedness and Adaptation Strategy

June 20, 2022 (Vancouver) – Today, the BC government released its new Climate Preparedness and Adaptation Strategy, which includes new investment for improved floodplain mapping, enhanced flood defenses, improved snowpack/water level measurement and prediction, and more funding to improve wildfire resiliency. Overall, the plan allocates $500 million towards improving the province's overall climate resilience.

"Insurance Bureau of Canada (IBC) commends the government for the release of its Climate Preparedness and Adaptation Strategy and its investments in measures to better understand the increasing climate risks we face and take concrete actions to protect our communities," said Aaron Sutherland, Vice President, Pacific and Western, IBC. "In 2021, British Columbians saw first-hand the increasing impact that extreme weather events can have. More frequent and more intense floods, wildfires, and storms – influenced by our changing climate – are increasingly putting people and property at risk. The financial costs are rising, but so too is the human toll and that's why today's announcement is such an important step and should be a call to action for further improvement moving forward."

About Insurance Bureau of Canada

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

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Media Contact

Andrew Bartucci

Director, External Communications, IBC
(416) 201-1573