Increasing National Resilience to Hazards and Disasters The Perspective from the Gulf Coast of Louisiana and Mississippi: Summary of a Workshop (2011) / Chapter Skim
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4 Insurance and Real Estate
4 Insurance and Real Estate
Pages 43-50
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From page 43... ...
, were asked to consider four questions in the preparation of their remarks: 1. What are meaningful incentives to encourage property owners to adopt effective mitigation measures in existing homes?
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From page 44... ...
In that respect, the Gulf Coast is a warning belt for much of the rest of the United States, since wind- and water-related damage can occur in many places other than the coast, Rochman said. Those who care about the built environment also care about the bayous, the wetlands, and the natural barriers near coasts, since these pieces of the natural environment scrub energy off storms before they hit structures.
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From page 45... ...
IBHS has a video on YouTube that compares two identical homes subjected to a category 3 hurricane, one of which has several upgrades that cost a few thousand collars. "It's startling, and anybody can understand it." The real estate industry could benefit from several practices common in the automobile industry.
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From page 46... ...
"There are economic imperatives that create coastal development. You can't just say, ‘Move the cities.' We have to deal with it, and there are ways that we can do that by hardening structures against nature." The formula for success is to implement workable and affordable retrofits for existing structures and design standards for new structures based on good science.
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From page 47... ...
Nelson asked whether homeowners should receive mitigation credits in the same way that they can receive credits for putting new windows in their homes. Nelson specifically cited the South Carolina Safe Home Program as an example for other states to follow on mitigation.
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From page 48... ...
As an example, Sathe cited permeable concrete, which he described as a "much better product than regular concrete." Water can drain through it, and it is cheaper to pour. But no one in Louisiana was certified to pour permeable concrete until the Make-It-Right Foundation funded training sessions, after which the use of permeable concrete began to propagate naturally.
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From page 49... ...
Chaney is in an unusual position because he became state insurance commissioner after helping to write a new building code law for the state, so he became responsible for enforcing his own law. One response has been to train building inspectors in the enhanced codes adopted in the state.
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