Canada: Insurers look for new ways to cope with climate change

Canada’s largest property insurer is launching an effort to persuade homeowners and businesses to batten down the hatches in anticipation of more extreme weather that is expected to result from climate change, reports the Globe and Mail.

As world leaders are gathering in Paris for COP21 executives from Intact Financial and researchers from the University of Waterloo will gather in Toronto to launch the Intact Centre for Climate Adaptation. Head of the Intact Centre, Dr. Blair Feltmate says “I can tell you [Canadian companies] have a very poor handle on the risk that’s on their doorstep in reference to climate-change extreme-weather events and how that may disrupt business continuity”.