As environmental risks increase, governments consider buyouts for flood-prone properties - News Summed Up

As environmental risks increase, governments consider buyouts for flood-prone properties


Trudeau said the federal government will need to work with municipalities, provinces and residents in areas that “will have to move or rebuild differently. That proposal stems from a roundtable convened by Goodale in 2017 to craft a government response to perennial spring floods. It has been given another year to hammer out the costing of the insurance pool and how to identify high-risk properties. There has to be a different way,” said Craig Stewart, vice-president of federal affairs with the Insurance Bureau of Canada. “We need the strongest push we can (get) from government.”Bruce Campion-Smith is an Ottawa-based reporter covering national politics.


Source: thestar April 30, 2019 21:56 UTC



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