Hurricanes, Fires, Floods, Weather Extremes – Their implications for the Insurance Industry and for Canada
Paul Kovacs – Founder and Executive Director of the Institute for Catastrophic Loss Reduction
Our news has been filled with both the personal and economic consequences of catastrophes of all types, weather and possibly man-made, for Canadian home owners, insurance companies and the government. The Institute for Catastrophic Loss Reduction (ICLR) focuses on education and research about harm reduction associated with water damage, extreme wind, urban earthquake, wildfires near the urban interface, and hail. Mitigation efforts include changes to the urban environment, buildings and the appropriate use of insurance to finance risk.