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Insurance Bureau of Canada calls for national flood program

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Don Forgeron, president of the Insurance Bureau of Canada, has called for governments and industry to create a national flood program to deal with the growing costs of weather events, reported Edmonton Journal.

"A national flood program, we believe, would offer a much more mature, comprehensive and disciplined way to compensate people as a result of damage from flood," said Mr. Forgeron. The insurance sector predicts that severe weather events will increase in frequency and severity.

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