The Weekly: From heat to hail - why disaster costs are skyrocketing
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The Greenline Housing Foundation is helping Altadena residents recover, rebuild, and remain in the neighborhood following January's devastating fire. This profile of Greenline’s work examines how rebuilding with resiliency can drive a recovery that preserves wealth and gets residents back home.
Homeowners who built their homes to IBHS certified FORTIFIED standards saved thousands after Hurricane Sally hit in 2020. The FORTIFIED building standard is saving homes from Category 3 storm damage, and also saving homeowners and insurance companies costs on annual insurance premiums and claims.
At the recent Milken Global Conference, rebuilding LA was top of mind. Partnership, system-level engagement, and local leadership were key themes. And the insurance sector has a critical opportunity to reframe its role in disaster preparedness and society at large.
If $1 invested in disaster prep saves $13, then its clear investing in preparedness produces a higher ROI than recovery. But what does that preparation look like? An interview with Nanotech Materials offers an example of resiliency in the category of fortified roofing and building materials.