Experts urge governments to strengthen partnerships with the private sector to insure against catastrophic risks.
Residential instability was found to increase after a flooding event.
Insured losses reached new highs in Canada, but the outlook for insurers remains stable.
Industry association calls on federal government to implement national flood insurance plan.
Flood adaptation efforts chronically underfunded globally.
Despite inflation and interest rates trending downward over the past few months, offering property and casualty insurers
Estimate suggests Greater Toronto Area flooding in August caused more than $100-million in insured damage.