November 2015

Addressing the Cost of Climate Change: Making the Case for a National Flood Program

11:45am-1:30am | The Westin Edmonton - 10135-100 Street, Edmonton

Albertans know first-hand the rising costs of climate change. The Alberta floods of June 2013, the most costly in Canadian history, drove home the need for Canadians to better adapt to severe weather and prepare for the increasing potential of floods. Climate change adaptation will feature prominently at Cop21 in Paris – the insurance industry is responding to address rising global risk with a wide array of solutions.

Canada is the only G7 country without a national flood insurance program. However, we’re working on it. Join the Economic Club of Canada to hear Don Forgeron, President and CEO of Insurance Bureau of Canada, speak on a made-in-Canada approach developed from lessons learned in responding to the 2013 event.

Fundamentally, flood protection is a pocketbook issue that can be managed by the private sector while decreasing requirements for public disaster relief funds. Solving it will help contain the costs stemming from climate change, which in turn will help protect the finances of Albertans, and indeed all Canadians.

Special Guest Pricing:
Individual seat: $75 + GST
Table (seats 10): $700 + GST

Don Forgeron

President and CEO
Insurance Bureau of Canada

Don Forgeron

Appointed Insurance Bureau of Canada’s President and CEO in 2009, Don has a successful track record of over 25 years in the property and casualty (P&C) insurance industry. He has a strong foundation in the public and private sectors, having worked for Alberta’s Department of Environment and the National Research Council in Nova Scotia early in his career.

After joining IBC in 1993 as Vice-President, Atlantic Canada, and subsequently Ontario, Don worked for positive impacts to the insurance and public policy landscapes. Leading the charge for auto insurance reform in Ontario and Atlantic Canada, he worked with various provincial governments to create sustainable and affordable auto insurance systems that meet the consumer need for affordable premiums and adequate benefit levels. Don also helped bring about graduated driver licensing across Atlantic Canada working with Governments and interested stakeholders.

In 2000, Don assumed the role of Vice-President, Strategic Development of Investigative Services, where he supervised work with Customs Canada and other law enforcement agencies to reduce the number of stolen vehicles shipped internationally. He guided IBC’s transition to a focused, low-cost service supplier to the industry.

As President and CEO, Don works with governments and key stakeholders across the country to build a strong, stable P&C industry and a stronger and safer Canada. He has played a key role in building a consumer-focused and sustainable auto insurance system in Ontario. He is also leading a national conversation on the need to better prepare for an earthquake in various parts of Canada and finally, he has pushed for a national dialogue with governments and consumers on the need for severe weather adaptation.

Don is also a leader involved in the international insurance issues that increase industry effectiveness and provide input to regulatory bodies. He is a founding member of the Global Federation of Insurance Associations (GFIA) and leads an international working group in Natural Catastrophe response.

A graduate of Cape Breton University, and a 2013 Cape Breton University Alumni Award recipient, Don has completed management studies at University of Toronto, Harvard and McGill universities. He served as the 2012-2014 Insurance Division Chair for United Way Toronto and as a member of the Campaign Cabinet. Don was also a member of the Multiple Sclerosis Society of Canada’s Board of Directors (Ontario Division), 2011-12.

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