44th Parl. 1st Sess.
November 24, 2023 10:00AM
- Nov/24/23 11:02:18 a.m.
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Mr. Speaker, after a long absence, non-stop daily flights will once again connect Regina to a major U.S. hub.
Last Monday, the Regina International Airport announced that WestJet will be offering daily round-trip flights between Regina and Minneapolis. This investment is a demonstration of confidence in southern Saskatchewan, including our airport, our city and our province. It is a fitting chapter in the comeback story of the Regina International Airport, which in the spring of 2020, went several days with no flights of any kind, international or domestic.
To James Bogusz, CEO of the Regina International Airport, Jared Mikoch-Gerke, director of alliances and airport affairs at WestJet, and everyone who made Monday’s announcement possible, I send my thanks and congratulations. To the travelling public in Regina and southern Saskatchewan who would like to fly to a major U.S. hub, I encourage them to sit back, relax, and enjoy the flight.
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Mr. Speaker, I am pleased to have the opportunity to speak to Bill C-317, an act to establish a national strategy respecting flood and drought forecasting. I would like to thank my colleague, the hon. member for Lac-Saint-Louis, for introducing this bill. I enjoy working with him on the House of Commons Standing Committee on Environment and Sustainable Development.
This bill covers some very interesting topics, including advance flood and drought forecasting models, sophisticated integration of spatially detailed hydrological management models and water resource management models, supercomputers with inputs from multiple meteorological forecast models, and on-site observations of rainfall, soil moisture, snowpack, glaciers, lake levels, ice jams and stream flows. There are certainly a lot of state-of-the-art technologies and subjects to consider in Bill C-317.
Typically, when I debate a bill in Parliament, I often put the bill into one of two categories: good bills that I encourage all MPs to support and bad bills that I encourage all MPs to oppose. After reading Bill C-317, it seems that this bill falls somewhere between those two extremes. Therefore, it would be prudent to support this bill at second reading so it can be further studied at committee.
Floods have been around since the beginning of time, and property damage caused by flooding has been around for almost as long. Whenever a major flood occurs, once all the people have been safely evacuated and the flood waters recede, the discussion soon turns to the cost of the flood in terms of property damage. Inevitably, this question is asked: Who will pay for the damaged or destroyed property?
Unfortunately, far too often it is different levels of government that have to step in to provide financial assistance. The federal government's disaster financial assistance arrangements program has spent approximately $8 billion in compensation since the program was established in the 1970s. Furthermore, the frequency and the amounts of future payouts are expected to increase as more and more properties of ever-increasing value continue to be built on lakefronts and riverfronts.
While I have no doubt that the federal government's disaster financial assistance arrangements program was set up with good intentions, one has to remember that all of the costs of the program are inevitably passed on to taxpayers. I have often wondered why different levels of government have to incur these costs. Why is this not something that is best left to private sector insurance companies?
I was so curious that I sat down and had this very conversation with representatives form the Insurance Brokers Association of Saskatchewan. It turns out that insurance markets function very well when there is a high level of predictability in which the insurance companies and their policyholders can operate. If insurance companies and their actuaries can predict with a reasonable level of accuracy that in any given year so many houses will be destroyed by lightning strikes, so many more will be destroyed by fires and so many more will be destroyed by some other type of disaster, then insurance companies can develop their policies and set their premiums accordingly.
Unfortunately, it seems that insurance companies have considerably more difficulty in predicting flooding than they do in predicting other types of disasters, such as fires or lightning strikes. As a result, they simply do not offer flood insurance to many Canadian homeowners. When those homes get damaged or destroyed by floods, government programs such as the disaster financial assistance arrangements program get activated, and it is the taxpayers who are ultimately left paying the bill.
Clearly, there is room for improvement. There has to be a better way to structure the federal government's policy than to have the disaster financial assistance arrangements program, as well as similar provincial programs, simply dole out billions of dollars to uninsured property owners whenever there is a flood.
In fact, these sentiments were echoed in the final report of the expert advisory panel on the disaster financial assistance arrangements, which was presented to the Minister of Emergency Preparedness in November of last year. One line in particular from the report’s executive summary describes the path forward very succinctly: “The Panel recommends the Government of Canada develop tools, information and capabilities to support risk-informed decision making by all levels of government, Indigenous communities, the private and not-for-profit sectors, academia and the public at large.” I feel that the term “risk-informed decision making” is very appropriate. If there is a flood plain right beside a river that is likely to overflow, it makes sense that builders be informed of the risk before they build. It makes sense that municipal and provincial governments be informed of the risk before they grant building permits. It makes sense that potential homebuyers be informed of this risk, and the associated insurance premiums, before they buy.
Perhaps the way forward lies in Bill C-317. If the federal government could step in and play a useful role in providing standardized, accurate flood mapping and flood forecasting information in order to facilitate an orderly marketplace for flood insurance for property owners, this would be a beneficial role for the federal government to play. If the flood information were accurate, reliable and stored in a database that were easily accessible to the public and to insurance companies, then a significant element of uncertainty in the marketplace could be reduced. Many private sector insurance companies would then be more willing to offer insurance policies to Canadian homeowners. When a flood inevitably happens at some point in the future, property owners would no longer fill out government forms to receive compensation; they would simply fill out an insurance claim with the private sector insurance company that sold them their policy.
This approach would represent a major cost savings for the federal government and for taxpayers. If one considers the cost of establishing and maintaining a standard database for flood mapping and flood forecasting, I think it is very reasonable to believe that the cost would be tiny compared to the billions of dollars of payouts that the federal government has made and will continue to make through the present disaster financial assistance arrangements program. For the vast majority of Canadians, the most valuable asset they will ever own is their home. It makes sense that as many Canadian homeowners as possible should have an insurance policy on their home that includes losses from flooding. With a properly functioning insurance market, perhaps over time, the disaster financial assistance arrangements program could be wound down, and taxpayers would no longer be on the hook whenever there is a flood.
In conclusion, sometimes the invisible hand of the market needs the helping hand of government. The need for accurate flood mapping and flood forecasting in the marketplace for flood insurance may be one of those times. Again, I would like to thank my colleague, the hon. member for Lac-Saint-Louis, for introducing the bill, and I look forward to studying it in more detail at the Standing Committee on Environment and Sustainable Development.
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