Webinar Highlights Insurance Industry Perspective on Fire Risk

The National Institute of Building Sciences (NIBS) will host a webinar on Thursday, August 1, at 1 p.m. Eastern titled Construction and Fire Risk: An Insurance Perspective. It will feature three panelists: Jeff Benson, vice president and program manager at Victor Insurance, will present on the current state of the construction insurance marketplace, focusing on underwriting issues related to the increasing wildfire exposures around the country, and how construction materials affect availability and cost of insurance for projects under construction. NRMCA Senior Vice President, Codes and Standards, Shamim Rashid-Sumar will provide an overview of the 2024 survey of insurance costs for multifamily buildings constructed with wood-frame and concrete, quantifying differences in costs to insure buildings of combustible versus non-combustible construction. Dr. Anne Cope, chief engineer at the Insurance Institute for Business & Home Safety (IBHS), will discuss IBHS’s ongoing wind and wildfire research, with insights on how the research findings lead to actionable resiliency guides and voluntary designation programs.

NRMCA is an organizational member of NIBS and participates in NIBS’ Consultative Council as well as NIBS’ Multi-Hazard Mitigation Council to promote disaster resilience and whole-building strategies to strengthen individual buildings, businesses, and communities.

Click here to register for the webinar. For more information on NRMCA’s Codes and Standards advocacy efforts related to resilience, sustainability and energy efficiency, contact Shamim Rashid-Sumar at ssumar@nrmca.org.