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Environment committee It's the model that ministers have asked us to take the closest look at.
June 3rd, 2019Committee meeting
Craig Stewart
Environment committee Yes. In that case, you do have properties that, as we've seen unfortunately in this region, are going to repeatedly flood. They would drain any insurance pool that you set up, and other policy holders would essentially be subsidizing them for living there, which isn't right. Tho
June 3rd, 2019Committee meeting
Craig Stewart
Environment committee Federal, provincial or municipal. That's a discussion that has to happen. This is called strategic retreat. You carefully select those communities that should either be moved or elevated. You can elevate these homes as well, either by putting them on stilts or on berms, but they
June 3rd, 2019Committee meeting
Craig Stewart
Environment committee To date, with the disaster mitigation and adaptation fund run by Infrastructure Canada, natural infrastructure is eligible in that program. Unfortunately, the threshold for the program is such that it's quite high. The minimum threshold is $20 million, so you can't apply only for
June 3rd, 2019Committee meeting
Craig Stewart
Environment committee Thank you, Mr. Chair and committee members, for the invitation and opportunity to speak to you at the standing committee today on the subject of disaster mitigation and insurance. I'm Craig Stewart, vice-president of federal affairs at the Insurance Bureau of Canada, or IBC. We
June 3rd, 2019Committee meeting
Craig Stewart