Requiring the use of resilient materials in construction could protect structures from damage during hurricanes or other severe weather events. (Photo: Shutterstock)
A growing trend in the insurance industry is that companies hesitant to insure a property that is vulnerable to environmental issues have started to offer incentives to policyholders who take steps ahead of time to address the risks, based on where the property is located. This attention to environmental sustainability and resilience saves both policyholders and insurance companies significant money in the long term and should become a best practice in the industry.
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