Insurance Issues in Atlantic Canada 3 Introduction and Background The primary role of the insurance industry is to pay claims and to manage risk. [...] The key issue described in this paper is the role of insurance in climate change adaptation in Atlantic Canada. [...] Specific topics include: • Historical disasters and losses (globally, in Canada, and in Atlantic Canada) • Climate change impacts in Atlantic Canada that will likely be important for the insurance industry • An outline of issues surrounding insurance, hazards, and climate change • Challenges, barriers, gaps, and needs for: • Water-related damages, including issues surrounding overland flood covera [...] Examples of climate change adaptations for water, wildfire, and wind presented in this report are not exhaustive but are intended to give an indication of the types of risk-reduction measures that are relevant to the insurance industry. [...] The experience of Atlantic Canada in this regard reflects that of the rest of Canada, where flood is the cause of the majority of disasters.