Flood poses a risk to individuals, business and the public sector. Severe events in Canada can cause losses exceeding CAD 13 billion, with less than half of these covered by insurance. This leaves many families without the necessary funds to rebuild their lives
if disaster strikes. In addition it delays economic recovery in the affected areas ― an effect that hits even those whose homes are still standing. Concerted action across the risk management chain that involves all key stakeholders ― government, the insurance industry and homeowners ― can strengthen flood resilience in Canada.
This publication examines how the 1821 Norfolk and Long Island hurricane would impact the region today.Download
Swiss Re catastrophe experts use a simple and logic-based methodology to construct scenarios showing the potential social and financial impact of a tornado in the heart of a major US city.Download