Left Navigation Flooding in Canada Every year, thousands of Canadians pay the emotional and financial costs associated with flooding. When our homes are at risk, our financial security is too. Canada needs continued federal leadership to create a cohesive National Action Plan on Flooding that:Moves people out of harm’s wayEducates Canadians about flood riskInvests in flood defencesProvides all Canadians with access to affordable insuranceEnds building on flood plainsFlooding now costs Canadians more than any other climate issue. Ask the candidates in your riding if their party’s election platform includes a flood action plan.Resources:Options for Managing Flood Costs of Canada’s Highest Risk Residential PropertiesScientific Data and Insurance Data Tell Us the Weather is Changing – A primer on severe weather and overland flood insurance in Canada.Combatting Canada’s Rising Flood Costs: Natural infrastructure is an underutilized option Useful LinksNews Release - Options for managing the flood costs of Canada's highest risk residential propertiesJune 18, 2019 (OTTAWA) – Today, Insurance Bureau of Canada (IBC) publicly released a paper, Options for Managing the Flood Costs of Canada’s Highest-risk Residential Properties. The paper focuses primarily on ways to better manage the costs of flooding for high risk residential properties in Canada.IBC’s Position on Flooding and Financial SecurityFor many Canadians, home equity forms a significant part of their retirement savings. When our homes are at risk, our financial security is too. Homes that flood frequently will become less valuable, are likely not insurable and may not be mortgageable either.