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While the risk of flooding is unavoidable, a flood response plan can help control and minimise the impact. Check out QBE’s recent blog to discover our 10 strategies for building flood risk resilience - https://lnkd.in/eWuM_SqB #riskmanagement #riskmanager #businessowner

To help businesses prepare for flood season, QBE’s latest blog highlights our 10 steps for building flood risk resilience. Click here to learn more - https://lnkd.in/eWuM_SqB Melanie Mason #riskmanagement #insuranceindustry

Did you know that 54% of Canadian businesses experienced a significant increase in costs from weather-related incidents last year? To help you stay prepared, QBE's latest blog outlines 10 ways you can build flood risk resilience. Click here - https://lnkd.in/eWuM_SqB #riskmanagement #riskmanager #businessowner

Recent updates reveal a concerning trend in flood risk across Quebec. According to Canadian Underwriter, new flood maps suggest that three times as many homes in Quebec could be located in flood zones compared to previous estimates. This highlights the urgent need for proactive measures to address and mitigate the growing threat of flooding in the region. In the face of climate change, it's crucial for homeowners, insurers, and policymakers to stay informed and take decisive action to protect vulnerable communities. #FloodRisk #ClimateChange #Resilience #Canada

Guides on preparation, recovery and #mitigation are now available for landowners, homeowners, businesses and communities. The digital toolkit has been launched just one week after analysis showed that around 200,000 homes are at immediate risk of #flooding in #SouthEastEngland alone following weeks of heavy downpours. Oxfordshire’s new resources allow people to search the local area to ascertain how vulnerable individual properties are to #extremeweather events. Users can also Report A Flood, including groundwater, surface water and small watercourse incidents, while the website also aggregates the latest news about storms and flooding in the #UK. Information for homeowners includes easy steps to protect buildings from severe damage – such as door barriers, air brick covers and pumps – while businesses are offered a 10minute Business Continuity Planning Self Assessment service so they can improve readiness. It’s also possible to apply for Flood Funding to support recovery. According to Tokio Marine Group and Economist Impact’s Resilient Cities 2023 index, most cities on Earth are now considered to be susceptible to heatwaves and flooding events, with 1.8billion people, or one-in-four, live in a high flood risk zone. In #Britain, some 6million people are considered to be directly atrisk from flooding. In related news, the #MetOffice recently launched a new Local Authority Climate Service. Aimed at council staff, the resource offers vital information about how #climatechange is likely to impact their area, presenting them with possible challenges, projections and advice on how to effectively communicate relevant stories to their communities. 

"For the 80% of major Canadian cities in flood zones—unprepared and uninsured for billions in annual flood damage losses—a new 50-question self-assessment tool can help determine the risks of rainfall, river, or coastal flooding to aid action that limits the hazards." gaye taylor, The Energy Mix outlines the urgent need for the #MunicipalFloodRiskCheckup! Start it today: https://lnkd.in/e-cSkdsA #tacklingfloodingtogether

A new tool – the Municipal Flood Risk Check-Up – launched today by the University of Waterloo's Intact Centre on Climate Adaptation | Centre Intact d’adaptation au climat, will help Canadian municipalities to assess flood hazards, level of flood preparedness, and actions to limit future flood risk. Canada’s National Risk Profile, 2023, identified that the country is not ready for flooding. 10 per cent of Canada’s housing market is uninsurable for overland flooding, and homes in flood impacted communities have sold for up to 17 per cent less following a flood event. Read more: https://ow.ly/mkim50Rj1Ky

I am a Connecticut native, and have recently assisted in recovery efforts after a "1000-year flood" impacted several communities within our state and triggered a Presidential disaster declaration. After speaking with colleagues and homeowners alike, I'd like to take a moment to discuss the term "1000-year flood." What Does "1000-Year Flood" Really Mean? In flood risk management, a "1000-year flood" refers to a flood that has a 0.1% probability of happening in any single year. It is a statistical measure based on historical data and modeling that aims to express the rarity of extreme flooding events. However, the term is not meant to imply that such floods will only happen once every 1000 years. Instead, it signifies that there's a 0.1% chance each year that such an extreme event could occur. Why Is This Nomenclature Problematic? The term can lead to the misconception that a "1000-year flood" is an event that only occurs once in a millennium. In reality, it means there's a 0.1% chance per year, so theoretically, such a flood could happen multiple times within a single decade. Using terms like "1000-year flood" might cause individuals and communities to underestimate the risk of severe flooding. The public may believe they are safe from such an event for many years, potentially leading to inadequate preparedness and hazard mitigation efforts. Additionally, as climate change increases the frequency and severity of extreme weather events, the historical data used to define these terms might become less accurate. The concept of a "1000-year flood" does not account for the evolving nature of flood risks in the face of climate change. The issue with this terminology lies not so much within the emergency management community but in the diminished perception of risk it conveys to the general public. To improve general understanding and preparedness, it's crucial to use clear and precise language when discussing flood risks. Instead of relying on terminology like "1000-year flood," we should focus on conveying risk in terms of probability and emphasize the importance of proactive measures and resilience planning. A simple shift in public messaging can greatly enhance our ability to effectively communicate risks, ultimately protecting lives and preserving property more effectively. #FloodRisk #EmergencyManagement #ClimateChange #Planning

#FloodActionWeek The recent autumn storms here in the UK are a timely reminder of the impact that climate change is having on the places that we live, work and play. Today also sees the start of Flood Action Week, which is part of the ongoing work that the Environment Agency is doing to help home and business owners take steps to prepare for future flood events. RAB work closely with the Environment Agency on a number of flood management initiatives. We also provide advice and support directly to home and business owners on how to make their properties more flood resilient, ensuring the nation’s flood defences are in good condition, and making sure new developments are not at risk and do not increase the risk for others. Further information on the resilience and flood risk services that RAB provide is available on our website: #flooding #resilience https://lnkd.in/e9WCP8G

According to a report from Moody's Ratings, flood risk is rising across the Eastern and Southern states from extreme rainfall, hurricanes and sea-level rise. #WrightFlood #WF24 #FloodInsurance