University of Waterloo: Too Small to Fail - How Communities Can Prepare for Bigger Storms - 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
November 6, 2018 Newswires
Share
Share
Post
Email

University of Waterloo: Too Small to Fail – How Communities Can Prepare for Bigger Storms

Targeted News Service (Press Releases)

WATERLOO, Ontario, Nov. 5 -- The University of Waterloo issued the following news release:

A new report from the University of Waterloo stresses the importance of community-based projects to reduce increasing flood risk in Canada.

The report, which highlights 11 projects in Vancouver, Calgary, Mississauga, Montreal and Halifax, details how the restoration and preservation of natural infrastructures --such as ponds, large-scale natural gardens, and restored shorelines-- can aid communities in protecting themselves from the impacts of flooding.

"In recent years we have seen a dramatic rise in insurable losses related to extreme weather events in Canada, and we have seen insurance payouts average $1.8 billion over the past nine years, up from an average of $400 million just a decade prior," said Blair Feltmate, head of the Intact Centre on Climate Adaptation at the University of Waterloo. "The increase in costs is due in part to flooding, and this new report identifies some practical mitigation measures municipalities and NGOs can take to limit the impacts of bigger storms that we expect to see in coming years."

The 11 flood mitigation projects profiled in the report were conducted between 2012 - 2017, with funding from Intact Financial Corporation. The groups supported through this multi-year, multi-dimensional study include (by province): Adaptation to Climate Change Team and Partnership for Water Sustainability (British Columbia); Green Calgary (Alberta); Credit Valley Conservation, Green Communities Canada, and Toronto and Region Conservation Authority (Ontario); Nature Action Quebec (Quebec), and Ecology Action Centre (Nova Scotia).

The report highlights two actions, that are often overlooked, as recommendations to maximize the utility of community-level flood mitigation projects in the future. These include: (1) the need to engage local stakeholders throughout a project's life-cycle, thus building ongoing understanding and support for the project, and (2) the need to ensure vigilance in monitoring a project, thus enabling appropriate and timely changes in course correction.

The lesson of this report rests with its focus on the utility of small-scale, local flood mitigation projects. Attention is often directed to large-scale initiatives that are deemed 'too large to fail', meaning that their collapse would cause catastrophic and irreparable damage. However, as illustrated in the report, smaller scale, agile efforts to limit flood risk can collectively contribute to ensuring the resiliency of communities - accordingly, the perceived simplicity of such projects should not be undervalued.

The report titled 'Too Small to Fail: Protecting Canadian Communities from Floods' is available online (https://www.intactcentreclimateadaptation.ca/wp-content/uploads/2018/10/Climate-Change-Adaptation-Projects-FINAL.pdf).

Older

AP FACT CHECK: Trump’s fabrications on Medicare, immigrants

Newer

MassMutual Approves Record $1.72 Billion Estimated 2019 Dividend Payout

Advisor News

  • Dutch gambling tax hike falls short as prediction markets eye World Cup
  • Caregiving: A challenge that costs employers billions
  • Could your practice benefit from an advisory board?
  • SEC nears settlement with accused scammer Tai Lopez
  • The 3 things that shrink your Social Security income
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
  • Trademark Application for “EMPOWER YOUR MONEY” Filed by Empower Annuity Insurance Company of America: Empower Annuity Insurance Company of America
  • Built-in guaranteed annuities: What advisors should know
  • Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
  • Why job boards are failing insurance agencies
More Annuity News

Health/Employee Benefits News

  • Nevada sees drop in health insurance marketplace enrollment as subsidies lapse
  • NYC Expands Outreach to Help Residents Keep Health Coverage
  • 'We have to be smart about it'
  • Georgia can do more to protect health coverage for its youngest residents
  • State budget helps 200,000 afford insurance
More Health/Employee Benefits News

Life Insurance News

  • THINGS YOUR CLIENTS SHOULD KNOW BEFORE SELLING A LIFE INSURANCE POLICY
  • Could your practice benefit from an advisory board?
  • AM Best Revises Outlooks to Stable for Missouri Farm Bureau Group’s Members and Farm Bureau Life Insurance Company of Missouri
  • Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
  • AM Best Assigns Credit Ratings to China Ping An Insurance (Hong Kong) Company Limited
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

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
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.
Insurance News | InsuranceNewsNet