IBHS Commends House Passage of Disaster Assistance BillMarch 4th, 2016 by Casey Flores
The Insurance Institute for Business & Home Safety (IBHS) is praising the U.S. House of Representatives for passing the FEMA Disaster Assistance Act of 2015 (HR 1471), which includes a key provision to conduct a new study about pre-disaster investment in the U.S.
“It’s much more cost-effective to provide pre-disaster mitigation assistance than to repeatedly provide post-disaster assistance after homes, businesses and communities have been devastated,” says Julie Rochman, IBHS president and CEO. “It is effective fiscal policy to invest in pre-disaster mitigation, which results in a four to one (4:1) return on federal investments,” according to the association’s seminal Multi-hazard Mitigation Council’s Mitigation Saves report, she explains.
“There are many property loss mitigation activities that can contribute to a stronger, safer nation – and hopefully, reduce or moderate the need for post-disaster federal assistance in the future,” she says.