The Insurance Bureau of Canada, a trade organization representing Canadian P&C insurers, has selected LexisNexis Risk Solutions to develop new flood maps.

After record flood losses in 2013, and recognizing an increasing threat from climate change, IBC wants to more accurately quantify the extent of flood risk and exposure in Canada to help members and other stakeholders explore the industry’s role in mitigating flood risk through the creation of a national flood program.

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