Insurance flood US vs Can comparison.
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Overview
This video provides an overview of the main differences between Canada's approach to overland flooding versus the US approach.
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US regulator
FEMA is the US regulator for floods. It is equivalent to the Quebec Public Security Minister.
Appears at 0s - 1sNFIP
The National Flood Insurance Program was set up in 1968 to encourage development in flood risk area in the US.
Appears at 2s - 3sExample of flood demolitions
Flooded homes in Quebec need to be stripped to bare walls and even the ceiling had to be removed.
Appears at 3s - 4sNeville Henderson
Neville Henderson is the assistant superintendent for insurance sector at OSFI.
Appears at 5s - 6sComments & Discussion
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