IBHS Commends House Passage of Disaster Assistance Bill

March 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.

Tags: , ,

Leave Comment

This site uses cookies which allow us to give you the best browsing experience possible. Cookies are files stored in your browser and are used by most websites to help personalize your web experience. By continuing to use our website, you are agreeing to our use of cookies. To find out more, please see our Privacy Policy.