https://phys.org/news/2018-07-losses-maritimes-cent.html

"Until recently there hasn't been a lot of work exploring what increased flooding will cost, and who will get stuck with the bill," says Andrea Minano, coordinator of the Canadian Coastal Resilience Forum (CCRF) and a researcher at Waterloo's Faculty of Environment. "The increases in flood losses put into question the long term insurability in the Halifax area, and highlight a broader problem facing many other areas in Canada if no actions are taken to mitigate and adapt to climate change."

The research team ran models for two different climate change scenarios and found a significant difference between best and worst-case climate scenarios. If no action is taken to stall climate change (4 °C rise in global temperatures) Halifax area could incur $67 million in damages in the event of a severe flood. If temperature rise can be limited to 2 °C, damages would be $10 million for the same event.