Budget 2024: Canadians Need a National Flood Insurance Program | Policy Magazine
April 11, 2024 | InÌýPolicy Magazine's Emerging Voices series each year, Max Bell School MPPs are invited to write articles on issues important to them. In the first article for 2024, Leah Brodovsky underscores the pressing need for a National Flood Insurance Program (NFIP) as natural disasters, particularly flooding, become increasingly common and costly due to climate change.ÌýLeah Brodovsky is a Master of Public Policy candidate at the Max Bell School of Public Policy at Â鶹AV.ÌýLeah holds a BSc. Honours Food Science from the University of Guelph. Her policy focus is the intersection of climate, health, and digital policy.
"Ten percent of Canadian homes (roughly 1.5 million) are in high-risk flood zones. The federal Task Force on Flood Insurance and Relocation estimates the total residential flood risk at $2.9 billion per year, with 90 percent of the risk tied to those 1.5 million homes."
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