IBC releasing scientific study of impact of major earthquake in Canada

Insurance industry proposes solutions to prepare Canadians, protect the economy

Canada not prepared for 'The Big One'

TORONTO, Oct. 23, 2013 /CNW/ -

WHAT:	A new Insurance Bureau of Canada (IBC) study conducted by AIR Worldwide, global experts in catastrophe modeling, will be released by IBC on October 29. The study provides an analysis of the impact of a major earthquake in British Columbia (Western Scenario) and in the Quebec City-Montreal-Ottawa corridor (Eastern Scenario).  It also looks at overall economic losses and the domino effect on the Canadian economy.
	After a review of the study, IBC will outline the insurance industry's ideas to help protect Canadians against the financial and physical impacts of an earthquake, looking to partner with governments, the financial services industry and non-government organizations.
WHY:	The AIR study is the first scientific evaluation of the earthquake threat to Canada in more than twenty years. The study leaves no doubt that we are not prepared to handle a major earthquake that could happen anytime in Canada and that the economic impact would be significant.
WHO:	Don Forgeron, President & CEO, IBC Gregor Robinson, Senior Vice President, Policy and Chief Economist, IBC Chris White, Vice President, Federal Affairs, IBC Jay Guin, Ph.D., Senior Vice President, Research, AIR Worldwide
WHERE:	Fairmont Chateau Laurier Hotel - Drawing Room 1 Rideau Street, Ottawa A light lunch will be provided following the briefing.
WHEN:	Tuesday, October 29 at 11 am
	Media Briefing:  11 - 11:45 am  (Simultaneous translation will be available)
	Q&A:   11:45 am - 12:05 pm
	Media briefing and Q&A also available via satellite and webcast in English and French.
	English URL for webcast: http://bit.ly/AIR_English
	French URL for webcast: http://bit.ly/AIR_French
	Satellite feed will include video footage (a simulated version of the AIR Earthquake Study) and news clips of IBC and AIR spokespeople. One-on-one satellite interviews with IBC and AIR spokespeople can be pre-booked from 1 - 2:30 pm.
	Technical information for Satellite and Fibre Oct 29   1100-1500 apx 15 Galaxy 17 Ku-band Downlink Frequency:  11901.8 Vertical FEC 3/4 Symbol Rate  7.5 Modulation: DVB-S2 8PSK video format:  1080i HD encoding: MPEG-4 4:2:0
	via fibre at Bell Toronto TOC: For uncompressed HD-SDI connect to "TV2GO Tx 1" For standard-def SDI connect to "TV2GO Tx2"
	Further information regarding live transmission call TV2GO MCR 416-696-9633

 

 

SOURCE: Insurance Bureau of Canada

or to confirm your attendance to the event, contact:

Ellen Woodger
Communications Consultant
Insurance Bureau of Canada
T: 416-483-2358
[email protected]

Helen Lialias
Communications Officer
Insurance Bureau of Canada
T: 416-362-2031 ex 4312
[email protected]