Government of Canada Contributes to the West London Dyke Reconstruction - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 15, 2017 Newswires
Share
Share
Post
Email

Government of Canada Contributes to the West London Dyke Reconstruction

Targeted News Service (Press Releases)

OTTAWA, Ontario, Oct. 6 -- Public Safety Canada issued the following news release:

Today, Peter Fragiskatos, Member of Parliament for London North Centre, on behalf of the Minister of Public Safety and Emergency Preparedness, announced a total of $3 million over three years in federal investment through the National Disaster Mitigation Program (NDMP) to the Province of Ontario to support work on the West London Dyke Reconstruction undertaken by the Upper Thames River Conservation Authority (UTRCA).

The Government of Canada cost-shares up to 50 per cent of eligible expenses for provincial projects and 75 per cent of eligible expenses for territorial projects. The Government of Canada is contributing $3 million and the Ontario Government and other partners are contributing $6.6 million for the West London Dyke Reconstruction.

This funding will contribute to elevation improvements being done to the dyke located in the heart of London, protecting many local residences and businesses from the risk of flooding from the Thames River. The Government is providing federal funding totalling $1.5 million to the UTRCA for Phase 3 of the West London Dyke Reconstruction, currently underway, which runs from 2016-2018. The Government of Canada will also provide a total of $1.5 million over 2017-2019 to the UTRCA for Phase 4 of the West London Dyke Reconstruction.

The Government of Canada is committed to working with provincial and territorial partners on a disaster mitigation approach that will allow us to better identify, plan for and reduce the impact of weather-related emergencies and natural disasters on Canadians.

Quotes

"Weather-related natural disasters are getting more severe, more frequent, more damaging and more expensive. This is a threat not only to the safety of our communities, but to our economic stability. The Government of Canada is determined to reduce these risks in partnership with provinces and territories. The projects announced today will help Ontario better prepare for and respond to flooding."

The Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness

"This funding will help protect our community from the flooding and mitigate potential impacts that could result from emergencies. I would like to recognize the great collaboration of all level of governments that are working together to manage and mitigate emergencies situations."

Peter Fragiskatos, Member of Parliament for London North Centre

"Ontario commends Upper Thames River Conservation Authority for its leadership in taking important steps to reduce flood risk. Our government will continue to help municipalities and others access federal funding for flood mitigation projects through the National Disaster Mitigation Program. In this changing climate, we all have a role to play in planning for disasters in our communities, so that our most valuable assets are protected."

Bill Mauro, Ontario Minister of Municipal Affairs

"The federal funding through the National Disaster Mitigation Program will reduce the time needed to complete the West London Dyke reconstruction program, reducing the flood risks to more than 1200 structures behind the dyke."

Anna Hopkins, Director, Upper Thames River Conservation Authority & Councillor, City of London

"These types of investments are critical as we upgrade our infrastructure in an effort to protect our community from the changing climate and severe weather. This requires the partnership of all orders of government. Thank you for keeping Londoners safe."

Matt Brown, Mayor, City of London

Quick Facts

* The NDMP reflects an investment of $200 million over five years, of which $183 million is available for cost-shared, merit-based projects with provinces and territories to reduce the impacts of natural disasters.

* Since the launch of the NDMP in 2015, approximately $47 million in funding has been committed to provinces and territories to help build safer and more resilient communities.

* Through the NDMP, the Government of Canada is helping to address rising flood risks and costs, and build the foundation for informed investments that could reduce, or even negate, the effects of flood events. Funding is available for risk assessments, flood mapping, mitigation planning and small scale mitigation projects such as storm culverts.

* In addition to investing in provincial and territorial flood mitigation projects through the NDMP, the Government of Canada:

* Is investing in public awareness activities and risk and resiliency tools like the Federal Flood Mapping Guidelines, to help all levels of government to make informed decisions around flood mitigation;

* Has created a new $2 billion federal Disaster Mitigation and Adaptation Fund to support the infrastructure required to deal with the effects of a changing climate; and

* Is integrating climate resilience into the National Building Code and conducting research to factor climate resilience into the design of buildings.

* According to the Insurance Bureau of Canada, insured damage in 2016 topped $4.9 billion - passing the previous annual record of $3.2 billion set in 2013--and that the annual economic cost of disasters around the world has increased five-fold since the 1980s. Flooding damage has accounted for 80 percent federal disaster assistance payments over the past 20 years.

* Studies have demonstrated that when structural and non-structural investments are implemented in concert, the result is that for every dollar invested there is a $4 reduction in costs of a disaster.

Older

NETWORK Lobby Issues Statement on Affordable Care Act

Newer

Wyden, Merkley, Crapo, Risch, Bennet Note Fire Funding Included in Disaster Spending Recommendations

Advisor News

  • Your client wants to cash out an annuity. Here’s what to consider
  • How student loan debt impacts 401(k) balances
  • The ‘sandwich generation’ faces compounded barriers to retirement savings
  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Why client insurance needs could change even if their life doesn’t
More Advisor News

Annuity News

  • SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
  • Regulators urged to sharply limit hypothetical data in annuity illustrations
  • Your client wants to cash out an annuity. Here’s what to consider
  • Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
  • Bitcoin gains ground in retirement market with Equitable annuity option
More Annuity News

Health/Employee Benefits News

  • SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
  • NEW GAO REPORT: TAXPAYERS BANKROLLED OBAMACARE HEALTH INSURANCE PLANS COVERING ELECTIVE ABORTIONS FOR 4.4 MILLION INDIVIDUALS IN 2026
  • Trump wants your vote before he takes your healthcare away Opinion | Trump wants your vote before he takes your healthcare away
  • HYDE AMENDMENT VIOLATIONS AND TRANSPARENCY FAILURES REVEALEDNEW GAO REPORT: TAXPAYERS BANKROLLED OBAMACARE HEALTH INSURANCE PLANS COVERING ELECTIVE ABORTIONS FOR 4.4 MILLION INDIVIDUALS IN 2026
  • HYDE-SMITH, PRO-LIFE COLLEAGUES CALL ON RENEWAL OF TRUMP RULE TO STOP OBAMCARE ABORTION SERVICES
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
  • Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
  • DE-RESERVIFICATION, NOT DE-DOLLARIZATION
  • Better Business Bureau scam alert: Beware of life insurance impostors targeting older adults
  • Enterprise Life Marks 25 Years With Pledge to Drive Innovation
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.