The growing frequency and severity of climate-related disasters present a significant challenge for the insurance industry. As insurers adapt to this new reality, they must balance the need to remain financially viable with the responsibility to provide affordable coverage.
We see far too often structures built to current code that lack planning and design consideration to sustain the probable impacts of progressive climate change or episodic natural disasters. It is time for more robust building codes, especially in areas where we can predict the probable impact of these progressive events.
The catastrophic LA wildfires were a powerful reminder that governments and communities need to think carefully about the risks they face and the role policies may play as they learn to live with greater fire risk.
Implementing a multifaceted strategy can motivate state and local governments to prioritize resilient design and construction effectively. The combination of policy frameworks, education, collaboration, technology utilization, successful models, funding opportunities, and ongoing evaluation will protect communities for the future.
The growing frequency and severity of climate-related disasters present a significant challenge for the insurance industry. As insurers adapt to this new reality, they must balance the need to remain financially viable with the responsibility to provide affordable coverage.
We see far too often structures built to current code that lack planning and design consideration to sustain the probable impacts of progressive climate change or episodic natural disasters. It is time for more robust building codes, especially in areas where we can predict the probable impact of these progressive events.
The catastrophic LA wildfires were a powerful reminder that governments and communities need to think carefully about the risks they face and the role policies may play as they learn to live with greater fire risk.
Implementing a multifaceted strategy can motivate state and local governments to prioritize resilient design and construction effectively. The combination of policy frameworks, education, collaboration, technology utilization, successful models, funding opportunities, and ongoing evaluation will protect communities for the future.
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