Left Navigation Municipal Risk Assessment Tool Extreme weather events that used to happen every 40 years now occur every 6 years in some regions of the country. IBC is piloting ground-breaking technology – a tool known as MRAT – to help communities reduce flooding caused by sewer backups. How Does MRAT Fight Urban Flooding?Canada’s weather is changing and it’s hurting communities. In 2013, insured losses from natural disasters – including the major Alberta and Toronto floods – were $3.2 billion, the highest in Canadian history.This is why Canadian property and casualty insurers are eager to collaborate with governments to help Canadians adapt to the new weather realities. MRAT is a valuable tool in the fight against water damage caused by sewer backups. Water - It's A $55 Billion Challenge What Does MRAT Do?MRAT is a new, multi-million dollar technology created by municipalities and insurers to help protect against costly sewer backup damage to homes and businesses. Here’s how it works:The tool combines information about municipal infrastructure, current and future climate, and insurance claims. City engineers use the technology to get a picture of where sewer and stormwater infrastructure is vulnerable today, and where it will be vulnerable in 2020 and in 2050.MRAT data are displayed as risk maps. Red areas on maps indicate that basement flooding is more likely and green areas indicate that it is less likely. City engineers can use MRAT maps to plan and prioritize infrastructure repairs, adjust service levels and support requests for federal infrastructure dollars.Three cities are participating in an MRAT pilot project: Coquitlam, BC; Hamilton, ON; Fredericton, NB.Developed with financial support through Natural Resources Canada’s Innovative Risk Management Tools Program, the tool is the only one of its kind in the world. IBC President Don Forgeron’s Address to the Economic Club of Canada Useful LinksCrisis Management - Auto InsuranceIn times of crisis, slowing down is often the best approach. A crisis can be weather related. Whether your vehicle has been damaged by water, wind, fire, ice or an earthquake, make sure you know what to do in the event of an emergencyCrisis Management - Home InsuranceFrom floods to fires to earthquakes, severe weather can damage your home. A home robbery or attempted break-in can put you, your family and your property, at risk. If you’re in a crisis situation that could affect the structure of your home or your own health, keep calm and seek alternate shelter immediately. Crisis Management - Business InsuranceA crisis can happen at any time, threatening an organization in a multitude of tangible and intangible ways. Following best practices in risk management – including creating a business continuity plan – can mean the difference between recovery and bankruptcy.