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Originally Posted by undercoverbrother
I find this interesting:
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He also added that Ted Menzies, minister of state for finance and an Alberta MP, has raised concerns with the Insurance Bureau of Canada about flood coverage. "We encourage the industry to respond in an appropriate way," said Kenney.
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Actually this makes sense to me. No matter if it's through insurance or gov't bailouts, the bottom line is that everybody is chipping in to cover the losses. Maybe if it was up to insurance, people who choose to live so close to rivers and on flood plains might pay a higher premium. It might be a way to discourage building where it isn't safe.
I'm not saying that anybody deserved what happened this week; nor should they have to lose everything they own over this. However it a way to reduce the risks going forward.