'A Little Baloney' In Liberal MP's Claim About Climate Change And Insurance

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'A Little Baloney' In Liberal MP's Claim About Climate Change And Insurance
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Experts say it's far from being the only factor.

Liberal MP Karen McCrimmon stands during question period in the House of Commons on Parliament Hill in Ottawa on Oct. 22, 2018.

Karen McCrimmon, Public Safety Minister Ralph Goodale's parliamentary secretary and the MP for an Ottawa riding that's seen flooding twice in three years, made her perspective clear earlier this week when asked about the issue on Parliament Hill: climate change, she said, is causing"an increase to the cost of insurance" in Canada.

"Flooding is currently the most costly hazard in terms of urban property damage, and water-related losses have surpassed fire and theft as the principal source of property insurance claims," it said.Public Safety and Emergency Preparedness Minister Ralph Goodale speaks with resident Jean Lamoureux as he tours flooded areas in Rockland, Ont. on May 2, 2019.Last month, for example, TD Insurance created an advisory board on climate change and extreme weather.

"When water hits these paved-over areas — in other words, urban, suburban areas, or areas of agricultural development — it doesn't absorb as readily into the ground," Feltmate said."It runs off quickly to discrete locations in rapid order and that also contributes to flooding. It goes to the lowest point it can find."

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