Canadian insurance industry data shows a trend of increasing large number of major disaster events since 1983. They define a major event as one the one with an insurance payout involving a minimum of 81 individual claims with a total value of at least $688,000.
By integrating "risk assessment" as a standard tool planning in all and operating processes. municipalities become better prepared for the increasing severity and frequency of natural hazards caused by climate change.
Valuable information on this subject can be found at the Institute for Catastrophic Loss Reduction website.
The Institute for Catastrophic Loss Reduction (ICLR) is a world-class centre for multidisciplinary disaster prevention research and communication. ICLR is an independent, not-for-profit research institute founded by the insurance industry and affiliated with Western University, London, Ontario. The Institute’s mission is to reduce the loss of life and property caused by severe weather and earthquakes through the identification and support of sustained actions that improve society’s capacity to adapt to, anticipate, mitigate, withstand and recover from natural disasters.
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