Tag: building codes

How Extreme Weather is Reshaping Where and How We Live

Live Insurance News
How Extreme Weather is Reshaping Where and How We Live

The Push for Climate Insurance as Extreme Weather Events Rise The frequency and intensity of extreme weather events are on the rise, leaving communities around the world grappling with the aftermath of hurricanes, floods, wildfires, and droughts. Scientists link these increasingly destructive events to climate change, which is reshaping the way governments, businesses, and individuals approach risk. One of the key responses to this growing challenge is the development of climate insurance. This specialized form of coverage is designed to protect individuals and businesses from the financial impact of climate-related…

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The Push for Stronger Building Codes Before the Next Storm

Live Insurance News
Stronger building codes

The Necessity of Modernizing Building Codes In many storm-prone regions across the United States, outdated building codes continue to leave communities vulnerable to the devastating impacts of natural disasters. As climate change intensifies the severity and frequency of storms, the need for robust building standards becomes increasingly urgent. Recent calls for updating these codes underscore their importance in protecting lives and properties, with particular emphasis on coastal areas regularly battered by hurricanes. Historical Lessons: Hurricane Andrew as a Catalyst for Change The catastrophic damage wrought by Hurricane Andrew in 1992…

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Federal Inquiry into Florida’s Homeowners Insurance Crisis: Causes and Solutions

Marc
Florida Insurance Crisis

How bad is Florida’s homeowners insurance crisis? The federal government wants to know. Lawmakers dove into that question to gain a greater understanding and explore the growing insurance problems across the country. But amidst the challenges, there are actionable solutions for homeowners. Many are feeling the brunt of rising insurance premiums, so much so that people are shying away from buying a home in Florida after learning that there’s no escaping the insurance problems. Weather disasters are becoming more and more prevalent, even in previously safe areas like Tallahassee. However,…

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Allstate New Jersey Insurance Company give homeowners advice for post-Irene home repair

Nordstrom

Following the flood, winds, and related damage from Hurricane Irene, Allstate New Jersey Insurance Company has made their suggestions regarding the best ways to ensure that homeowners are protecting themselves against scams from unscrupulous contractors. The suggestions made by the insurer include the following: • Don’t rush when making the choice for the right contractor – take your time and do your homework. • Obtain estimates from a number of contractors who are licensed and bonded. • Verify the contractors claims regarding their credentials through the use of the Better…

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