Insurance Company Pays University To Help Mitigate Climate Change Risks
Insurance company Intact Financial Corp. will collaborate with the University of Waterloo (UW) in Canada to mitigate the risks of climate change by creating the Intact Center on Climate Adaptation (ICCA). The ICCA's chief goal is to be an incubator for new measures to adapt to climate change.
Intact Financial Corp. will allocate $4.25 million to support the ICCA. The center will focus on awareness and research regarding innovative solutions to climate change risks that Canadian communities face, and will be based at the university's Faculty of Environment.
"The impacts of climate change are certainly being felt by the insurance sector, and indeed they're on the front line, if you will, of having to deal with the negative impacts associated with climate change," said Professor Blair Feltmate, ICCA head at the University of Waterloo.
The company reported that insurance payouts have increased significantly in the past few years, and much of that can be attributed to storms caused by climate change.
Insurance Company Pays University To Help Mitigate Climate Change Risks : SCIENCE : Tech Times
Insurance company Intact Financial Corp. will collaborate with the University of Waterloo (UW) in Canada to mitigate the risks of climate change by creating the Intact Center on Climate Adaptation (ICCA). The ICCA's chief goal is to be an incubator for new measures to adapt to climate change.
Intact Financial Corp. will allocate $4.25 million to support the ICCA. The center will focus on awareness and research regarding innovative solutions to climate change risks that Canadian communities face, and will be based at the university's Faculty of Environment.
"The impacts of climate change are certainly being felt by the insurance sector, and indeed they're on the front line, if you will, of having to deal with the negative impacts associated with climate change," said Professor Blair Feltmate, ICCA head at the University of Waterloo.
The company reported that insurance payouts have increased significantly in the past few years, and much of that can be attributed to storms caused by climate change.
Insurance Company Pays University To Help Mitigate Climate Change Risks : SCIENCE : Tech Times
