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When Canadian municipal officials were told last year about new tools to help them map the risk of flooding in their communities, they immediately raised red flags, suggesting they wanted no part of it over concerns about legal liability and political backlash.
A new report confirms that extreme weather events can be modelled as “independent” by global reinsurers when assessing many of their key aggregate risks around the world. The report analyzed the links between extreme weather events occurring in separate regions of the world that can take place over a range of timescales from days to years (known as teleconnections).
Flood Risk Canada (FRC) has announced that it will be launching a new flood risk monitoring and prevention tool. The system can monitor streams and rivers, measure wave action, currents, rainfall, dam failure, wind speed and more. Moreover it allows property owners to access and monitor the data online, setting alerts for when the flood barrier deployment is needed.
Catastrophe modeler AIR Worldwide has released new research asserting that the magnitude-9 Honshu earthquake that struck Japan on Mar 11, 2011 has transferred stress to neighboring faults underlying Kanto Plain, a 17,000-square-kilometre area that includes Tokyo...
'Disaster damage in Canada could be reduced to half the current level in 25 years if the public and private sectors work together to develop a comprehensive program of disaster risk reduction'...
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