C-78Government of CanadaLIBERAL
National Flood Insurance Program Act
Climate-driven flood costs hit $4B+ in 2024 across BC, Quebec, and the Atlantic. Private insurers have stopped offering coverage in much of the country.
Status
✓
Introduced✓
1st Reading3
2nd Reading4
Committee5
Report6
3rd Reading7
Royal AssentSummary
Establishes a publicly-administered flood-insurance program for high-risk flood plains, with cost-sharing between the federal government, provinces, and the insurance industry. Replaces ad-hoc DFAA flood payouts.
Sponsored by
Anita AnandLIBERAL