Innovative Partnership Approach Catalyzing Climate Resiliency
Originally published in The Globe and Mail, September 17, 2025
When areas in Bedford, Nova Scotia, experienced more than 250 millimetres of rain in just days in July 2023, the resulting devastation caused country-wide alarm. Considered one of the highest impact flash floods in Canadian history, the incident served as a stark reminder how extreme weather events increasingly place communities at risk.
Flooding, the most common and costly disaster in Canada, already incurs nearly $800-million in insured losses annually. What’s more, climate models predict that events that occurred once every two decades in Canada could happen every five years by the end of the century, making projections based on historic data inherently inaccurate…
NOAH Secures Private Investment to Advance Flood Risk Solutions
The answer is No (and Yes).
Last July 16th, a summer rainstorm swept into Southern Ontario and seemed to pause over Toronto. Three hours later, flooding had displaced 500,000 people and caused damage that experts say could reach $4 billion (including $990 million of insured losses). That’s roughly $1.3 billion per hour of rain. A month later, another once-in-a-century storm hit Ontario just days after catastrophic flooding in Quebec resulted in over 70,000 insurance claims