Insurance Institute for Business and Home Safety News

In the Face of a Severe California Wildfire Season, is The Oft-Used ‘Mitigation’ Word Too Little Too Late?

It may have been around 2017 when a true sense of urgency donned on insurers, public officials, residents and regulators in wildfire-prone California, as fires destroyed or damaged more than 10,000 structures in the state, a higher tally than the …

Coalition is Letting Californians Know May is Wildfire Awareness Month

Now is the time for Californians to prepare homes and communities for the coming wildfire season, the StrongerCA Coalition is warning. Last year saw a record-breaking wildfire season, with five of the 10 largest wildfires in California. The group is …

Burning Down a House to Show How to Build for Wildfire Defense

After only a year into his job as CEO and president of the Insurance Institute for Business and Home Safety, Roy Wright is setting the place on fire. The IBHS conducted a demonstration in early March simulating an active wildfire …

Research Finds Fire-Resistant Building Codes Do Not Raise Home Prices

Homes in wildfire-prone areas around the U.S. could be built to better withstand blazes without increasing the cost of construction, according to a new report. The research released Tuesday was sponsored in part by the insurance industry and marks the …

Experts: Cost of Hail Damage Will Continue to Rise

Hailstorms inflict billions of dollars in damage yearly in North America alone, and the cost will rise as the growing population builds more homes, offices and factories, according to climate and weather experts who spoke at a conference in Colorado …

Insurers Offering Discounts on Tornado-Resilient Homes in Oklahoma

Dozens of insurance companies are now offering discounts to Oklahomans who have built or retrofitted their homes to certain tornado-resilient standards, the Oklahoma Insurance Department announced. A new law went into effect on April 1 requiring the discounts. Since then, …

Harvey, Houston, America, Politics and Building Codes

Jerry Garcia’s home in Corpus Christi missed the worst of Hurricane Harvey by just a few miles and lost nothing more than some shingles and his backyard pier, which turned up further down Oso Bay. A 5-foot bulkhead and sloping …

Insurance Lab in South Carolina Aims to Alter ‘Cycle of Destruction’

The insurance industry hopes a 21,000-square-foot lab in rural South Carolina can help revolutionize the way homes are built and stem the cost of Mother Nature’s disasters. Officials at the Insurance Institute for Business and Home Safety say the wake …

IBHS Updates Report on Hurricane-Prone States’ Building Codes

Among coastal hurricane-prone states, North Carolina and Louisiana have weakened their building codes since 2012, while five states have strengthened theirs. Just in time for the height of the hurricane season, the Insurance Institute for Business & Home Safety (IBHS) …

Wildfire Risk High in 2013 Due to Warm Weather, Drought, Warn Insurers

With a mild winter, relatively warmer weather in general, and drought conditions expected to continue in 2013, the Insurance Institute for Business & Home Safety (IBHS) is urging home and business owners to take action now to effectively reduce their …