Over the past 40 years, flood damage costs in Québec have surged due to population and property growth in flood-prone areas, compounded by extreme weather events. These costs are primarily covered by provincial and federal programs, with limited private insurance involvement. Current cost-sharing mechanisms, however, create moral hazard by not incentivizing municipalities or residents to reduce risk. Bernard Deschamps, author of Flooding: Toward a Municipal Contribution to Economic Risk Sharing will share the reports proposed economic contribution mechanism for municipalities that distributes the cost of damage to residential buildings more equitably, and key findings from his research and consultation with municipal staff within Québec.