A national insurance association is applauding New Jersey Gov. Chris Christie’s decision to adopt new advisory flood maps issued last month by the Federal Emergency Management Agency and implement more stringent rebuilding guidelines for flood zones.
“The Property Casualty Insurer Association of America applauds Gov. Chris Christie’s commitment to strengthening New Jersey’s guidelines on rebuilding standards,” PCI’s assistant vice president Micaela Isler said in a statement.
Isler said the enactment and enforcement of tough standards for building codes, property development and other loss prevention and mitigation requirements are a key component to long-term natural catastrophe preparation. All coastal states would benefit by periodically reviewing and updating their respective building codes, according to PCI.
“Strong building codes reduce the risk of injury or death during a natural catastrophe event, and reduce the amount of property damage following an event thereby allowing communities to more quickly recover from a natural disaster,” Isler said. “We commend Gov. Christie for taking an aggressive approach to ensuring that coastal residents are better prepared for future natural disasters.”
PCI is composed of more than 1,000-plus member companies. PCI members write over $190 billion in annual premium, 40 percent of the nation’s property/casualty insurance.