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Canada Federal task force considers a national flood insurance program

23:10  26 november  2020
23:10  26 november  2020 Source:   msn.com

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The National Flood Insurance Program ( NFIP ) is managed by the Federal Emergency Management Agency and is delivered to the public by a network of approximately 60 insurance companies and the NFIP Direct. Floods can happen anywhere — just once inch of floodwater can cause up to ,000 in

Congress should consider comprehensive reform of the National Flood Insurance Program ( NFIP ) to improve the program ’s solvency and enhance the nation ’s resilience to floods . The Federal Emergency Management Agency (FEMA) should also take steps to complete the implementation of

OTTAWA — A new federal task force will look at the possibility of a low-cost national flood insurance program as well as options for moving people who live in areas at highest risk from surging spring waters.

a bridge over a river © Provided by The Canadian Press

The Trudeau government says the flood-related effects of climate change are undeniable, causing property destruction and taking an emotional toll on families.

As a first step toward a national residential flood insurance program, the task force will look at ways to protect homeowners who are at high risk of flooding and lack adequate insurance.

The government says the panel will also examine possibilities for moving residents from areas where the risk of recurrent flooding is greatest.

Representatives of federal, provincial and territorial governments and the insurance industry will sit on the task force announced this week.

In addition, Indigenous Services Canada will work with First Nations on a steering committee on home flood insurance needs that takes into account the context on reserves.

This report by The Canadian Press was first published Nov. 26, 2020.

The Canadian Press

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usr: 0
This is interesting!