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Stock impact report

Trudeau government fails to protect Canadians from floods, wildfires [Globe and Mail, The (Toronto, Canada)]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
Following the government announcement, Celyeste Power, President and CEO, Insurance Bureau of Canada (IBC), issued the following statement: "After the costliest summer in Canadian history, with almost $8 billion in insured losses due to floods, hail and wildfires, the Trudeau government has once again failed to invest in climate adaptation and resilience measures that are needed to keep Canadians safe. This week's Fall Economic Statement (FES) also demonstrates a broken commitment made in Budget 2024 to implement a national flood insurance program for high-risk households by 2025. Needed funding to stand up a subsidiary of CMHC by April 1 was not included in the FES. "While Finance Canada has been studying the flood insurance program for most of the past decade, the Canadian property and casualty (P&C) insurance industry has developed a range of overland flood insurance products that are now available to over 90% of Canadian homeowners. As the risks of flooding increase, the P&C i Show less Read more
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