

"From 1970 to 1988, PSEPC provided financial assistance for 33 flood disasters. Over this period, about $250 million (approximately $500.3 million in 1998 dollars), or about 75% of all natural disaster assistance, has been paid out to victims of major flood events by the federal and provincial/territorial governments, through cost-shared disaster assistance arrangements. This figure represents only a fraction of the true costs borne by individuals, businesses and industry, and provincial and municipal treasuries" (aici)
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