Specific disaster mitigation strategies that go beyond the requirements of the 2015 International Codes model building codes could save the nation billions of dollars, according to the National Institute of Building Sciences just issued Natural Hazard Mitigation Saves: 2017 Interim Report.
Investing in hazard mitigation measures to exceed select code requirements can save the nation $4 for every $1 spent, the report says. The report comes on the heels of the nation’s worst year of natural disasters in terms of cost. There were 16 events in 2017 with losses exceeding $1 billion, with total costs of about $306 billion, surpassing the record losses in 2005 by $100 billion.
Effective strategies to exceed minimum requirements of the 2015 I-Codes include:
– For flood resistance (to address riverine flooding and hurricane surge), building new homes higher than required by the 2015 International Building Code (IBC).
– For resistance to hurricane winds, building new homes to comply with the Insurance Institute for Business & Home Safety (IBHS) FORTIFIED Home Hurricane standards.
– For resistance to earthquakes, building new buildings stronger and stiffer than required by the 2015 IBC.
– For fire resistance in the wildland-urban interface, building new buildings to comply with the 2015 International Wildland-Urban Interface Code (IWUIC).
NIBS notes that while mitigation represents an excellent investment, not everyone is willing or able to bear construction costs for more resilient buildings, even if the long-term benefits exceed the up-front costs. Programs to help finance mitigation projects should align incentives from finance, insurance, government and other stakeholders, NIBS says.
Related Stories
Codes and Standards | Jan 27, 2021
AECOM sues insurance carrier for payment of COVID-19 property damage claims
Claims ‘all-risk policies’ should have included millions of dollars of losses due to virus.
Codes and Standards | Jan 26, 2021
Updated guide to repair and rehabilitate existing concrete structures published
Document assesses how to adhere to code requirements.
Codes and Standards | Jan 25, 2021
New guide for skylight selection, daylighting design released
Free Fenestration and Glazing Industry Alliance document now available.
Codes and Standards | Jan 21, 2021
California considers statewide ban on natural gas heat, hot water in new homes
Code update would take effect in 2023.
Codes and Standards | Jan 20, 2021
Steel industry, labor urge Biden to retain steel tariffs
‘Essential to ensuring the viability of the domestic steel industry.’
Codes and Standards | Jan 19, 2021
2021 Solar Investment Tax Credit will remain at 26%
Incentive was scheduled to be reduced to 22%.
Codes and Standards | Jan 19, 2021
Thomas Jefferson University launches the Institute for Smart and Healthy Cities
Will address climate change, social equity, rapid urbanization, and health.
Codes and Standards | Jan 14, 2021
Petition urges FEMA to update flood maps, set tougher standards for floodplain construction
Environmental and planning groups note soaring claims, flood insurance debt.
Codes and Standards | Jan 13, 2021
Proposed change to IECC process irks efficiency advocates
New procedure would diminish influence of local code officials.
Codes and Standards | Jan 12, 2021
Two net-zero hotel projects could portend a new hospitality trend
Energy-intensive sector comprises 10% of all commercial real estate.