The Insurance Bureau of Canada (IBC) has responded favourably to the federal government’s announcement of a $150 million investment into flood mitigation projects in the GTA area.
In a statement issued right after the federal disaster fund investment announcement, the IBC made special mention of the City of Toronto, the Regional Municipality of York, the Corporation of the City of Markham and the City of Vaughan. The municipalities, together with the federal government, have pledged over $400 million toward funding projects that would improve the flood resiliency of their respective communities.
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