{"id":387589,"date":"2020-11-24T08:03:53","date_gmt":"2020-11-24T13:03:53","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387589"},"modified":"2020-11-24T08:03:53","modified_gmt":"2020-11-24T13:03:53","slug":"intact-announces-1-3-million-commitment-to-help-build-more-resilient-communities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/intact-announces-1-3-million-commitment-to-help-build-more-resilient-communities\/","title":{"rendered":"Intact Announces $1.3 Million Commitment to Help Build More Resilient Communities"},"content":{"rendered":"
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Canada NewsWire<\/p>\n<\/p><\/div>\n

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\n Intact Adaptation Action Grants awarded to projects that are helping people and communities adapt to floods, wildfire and extreme heat<\/i>\n <\/p>\n

\n TORONTO<\/span>, Nov. 24, 2020<\/span> \/CNW\/ –\u00a0To help Canadians adapt to climate change and build more resilient communities, Intact Financial Corporation (TSX: IFC) is committing more than $1.3 million<\/span> to five Canadian charitable partners. These partners are exploring real, concrete solutions to make our communities, our people and our economy more resilient.<\/p>\n

“We need to act and reduce the effects of more frequent weather events by helping people and our communities adapt,” said Diane Flanagan<\/span>, Chair of the Intact Foundation and Vice President of Corporate Affairs and Communications, Intact Financial Corporation. “Our new partners are introducing innovative approaches to managing the effects of climate change and are helping to address avoidable human and economic losses.”<\/p>\n

Climate change is leading to more frequent and severe weather. In fact, extreme weather events in Canada<\/span> have increased by a factor of five over the past 30 years and insured losses have more than quadrupled. And, the cost to society is much higher: for every $1<\/span> of insurable losses, there are $3<\/span> to $4<\/span> of uninsured losses paid by governments, businesses and individuals. <\/p>\n

As a purpose-driven organization, Intact is here to help customers and society adapt to the impacts of climate change. Through the Intact Adaptation Action Grants, Intact is supporting projects that are helping to protect people from the effects of climate change \u2014 like floods, wildfires and extreme heat \u2014 and building more resilient communities.<\/p>\n

\n 2020 Partners<\/b>\n <\/p>\n