January 4, 2013
IBC applauds Ontario’s increased municipal infrastructure support
The Insurance Bureau of Canada (IBC) has applauded the Ontario government’s announcement that it is increasing support for critical road, bridge, water and wastewater projects under its Municipal Infrastructure Strategy.
Up to $90 million will be available over the next three years for critical infrastructure projects for communities across Ontario that are having difficulties funding those projects.
“Our infrastructure will continue to face challenges due to the effects and impact of severe weather,” said Ralph Palumbo, the bureau’s vice-president, Ontario.
“The Canadian insurance industry has seen substantial increases in property claims costs, partly as a result of infrastructure that was never designed to cope with the weather trends we are seeing today, and we fully support sustained investments that help build resilient communities and a secure economy.”
IBC has also sponsored extensive research into severe weather. Earlier this year -“Telling the Weather Story” — a research paper from Dr. Gordon McBean - looked at the impact weather could have in Canada in the future.
The report is intended to help Canadians better understand severe weather as a factor in the increasing damages to personal and commercial properties that are being seen in many parts of Canada.
“It is imperative we continue to see momentum on this file and that we work together — governments, industry, communities and individuals - to recognize the weather risks we are facing and to enter discussions about how to reduce their effects on our lives and the communities we live in,” Palumbo said.
The Insurance Bureau of Canada is the national industry association representing Canada’s private home, car and business insurers. Its member companies represent 90 per cent of the property and casualty (P&C) insurance market in Canada.
The P&C insurance industry employs more than 114,000 Canadians, pays more than $7 billion in taxes to the federal, provincial and municipal governments. It has a total premium base of $40 billion.
DCN NEWS SERVICES
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 527 projects with a total value of $1,552,331,732 that Reed Construction Data Building Reports reported on Friday.
$120,000,000 Oakville ON Tenders
$48,225,000 Etobicoke ON Prebid
$40,000,000 Ottawa ON Negotiated
- CCA96th: Unlocking Canada's Potential
- VIDEO: LiUNA Local 183 Training Centre introduces new programs
- Wins delivered on infrastructure front: Rizzardo
- Behind the Velodrome’s Veil
- Ontario’s prompt payment bill needs work but supported
- Southwest L-evation
- Post-bid clarifications make feds liable for bid repair
- Panama Construction Fact for Today
- Ritchie Bros. hold first Canadian auction of 2014
- Skilled labour needs changing in Saskatchewan
- Quebec’s construction momentum ebbs after 15 years of expansion
- VIDEO: Canadian Construction Association conference Panama preview
- Concerns raised about P3 approach for Saskatchewan schools
- Journal of Commerce Preview for the week of March 10th, 2014
- Wood Design Awards
- Outgoing chair reflects on time at the helm of the CCA
- School board asks for traditional procurement
- Site Services in Vancouver
- Looking to improve contract awards
- Environmental verdict riles Taseko
- Prentice to mediate First Nations agreements
- CAWIC funded to create action plan to attract women
- More video surveillance used on construction sites
- Modular workforce housing meets Alberta Building Code standard
- Manitoba outlines infrastructure plan
- BC Hydro posts RFQ for Site C project