Flood Set 2

Question	Answer
The financial management of flood risk is increasingly problematic due to the combination of several trends:	1. the growth in population 2. the concentration of urban and industrial 3. the onset of more violent weather patterns, 4. the increase in the vulnerability of the infrastructure 5. under-investment in risk mitigation measures.
5 main underlying hazards that can generate overland floods:	1. Spring snow-melt runoff (Riviere Richelieu) 2. Storm rainfall (Toronto) 3. Tidal flooding (Thailande) 4. Natural dam failure 5. Structural failure (Saguenay)
3 main types of floods based on location	1.Fluvial flooding (Riviere Richelieu) 2. Urban (i.e., pluvial) flooding (Toronto) 3. Coastal flooding (i.e., storm surge) (tsunami)
Flood Coverage	Personal property: No (Sewer back up) Automobile: Yes Commercial Property: Yes
Reasons Insurers often end up paying for a significant portion of associated losses.	1. often two different perils: 2. to avoid reputation damage and potential political pressures.
Why is flood not insurable?	1. predictable 2. correlated 3. large number affected

Resource summary

	Created by Genevieve Gagnon over 6 years ago