As the floods come, who should pay the price for preparation?

While a lot of noise is made about preventing floods by banning construction and rebuilding in flood zones, many existing neighbourhoods need protection and not relocation.

Retrofitting homes is one solution, with sustainability pilot projects already taking place in municipalities like Durham Region and Burlington in the GTA.

Working on the national standard for resilience-focused home retrofitting assessment is Blair Feltmate, Water Institute member and head of the Intact Centre on Climate Adaptation at the University of Waterloo. Feltmate spoke about what the costs would amount to for assessing retrofits and who would be responsible for paying them at the 2017 Flood Risk Summit.

Read the full story in Insurance Business.