TAMPA (Feb. 9, 2016) – The Insurance Institute for Business & Home Safety (IBHS), citing the Executive Order: Establishing a Federal Earthquake Risk Management Standard signed by President Obama last week, supports the Administration’s efforts to create more resilient communities in areas at risk for earthquakes.
The new standard requires federal agencies to use earthquake-resistant design provisions in the most current building codes when constructing new structures or renovating existing buildings. This will have numerous positive effects in earthquake-prone areas including improving the strength and durability of buildings, reducing risks to people, reducing recovery costs after earthquakes, and speeding up the recovery time for communities.
“IBHS is an enthusiastic proponent of strong, well-enforced building codes that protect the health, safety and welfare of the people living and working in our nation’s homes and businesses,” said Julie Rochman, president and CEO of IBHS.
“We also strongly endorse the whole community approach to improve resilience to earthquakes and other natural disasters highlighted by the Administration during last week’s Earthquake Resilience Summit at the White House. This approach brings together scientists, engineers, public policymakers, businesses and nonprofit organizations to develop and implement appropriate measures, which is critical to creating resilient communities that are stronger, safer and more disaster-resistant,” Rochman said.
“We are pleased the Administration is focused on resilience and the need to build forward, rather than continuing to rebuild and repair buildings in the same vulnerable locations ignoring the risk of known natural hazards and hoping for the best,” continued Rochman.
“Government can be a force for positive change by setting a good example, and taking care to invest taxpayer money wisely. The new earthquake risk management standard is consistent with what the Administration did last year by implementing a new flood hazard mitigation standard. We hope the Administration continues on this positive path by developing similar standards for wind-related hazards and wildfire.”