The federal government committed $31.7 million over three years in its latest budget toward a low-cost flood insurance program.
Flooding is Canada's greatest climate-related risk, with more than 1.5 million households considered highly exposed to flooding, said president and CEO Celyeste Power in the statement. Experts said the hurricane highlighted gaps in home insurance, which don't normally cover damages from storm surges such as the ones caused by Fiona.
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