From NCMA eNews
May 9, 2019
A recent study by the congressionally-established National Institute of Building Science (NIBS) found that using the latest model building codes provides a benefit of $11 for every $1 invested through earthquake, flood and wind mitigation benefits, with a $4 to $1 wildfire mitigation benefit. These ratios represent avoided casualties, property damage, business interruptions and insurance premiums. They quantify the importance of modern codes that we see every year when natural disasters strike. To read more, click here.