The USA Smart Builders Are Already Out In Front Jumping In On Resilient Building As The Insurance Industry Is Slower To Embrace Applied Science To Lowers Loss and Builders Premiums. The first Insurance Company to get behind this grass roots Resilient Movement will write better business with lower risk and as they lower premiums for smart builders they will gain market share to.
Our country and building industry is facing challenges, caused by extreme weather and extreme people i.e. arson attacks and M Fire is committed to finding even more cost effective ways to address those challenges for our builders. By helping our builders become more resilient against those things that attack there ability to remain sustainable we are supporting an even bigger cause, and that is our economy said Steve Conboy, Founder and GM. Our radio show is going to highlight and address the long overdo need for change when it comes to defending wood framed buildings from over wetting and fires during construction. Some of the topics will address the over wetting of OSB attacking engineering values that support seismic strength and the mold issues that is creates after buildings are occupied. Another hot topic is the fire issues on many of the products builders are forced to build with without fire protection that causes firefighters early collapse and the rising risk insurance premiums.
As the radio show hosted by a 45 year veteran in wood framing brings the issues up into the light where we will be discussing the newest most cost effective solutions to defend our builders from loss set backs and litigation. The show will teach the GC’s and Framers how to push the defensive solutions uphill to make projects safer for workers leaving the valve add decision where it belongs with the up owners. By doing this GC’s and Framers defend themselves from future litigations and bad press. Our MFI Red Zone Tour with BisNow will bring the problems and solutions right to the feet of the investors. Our message stays consistent “That If You Wait It’s To Late”
The ClimateWise report recommends investors take more thorough inventories of housing and business real estate, making logs of flood risks and construction materials used. They should also incorporate scientists’ climate projections into their own catastrophe models.
Those were the conclusions a group run out of the University of Cambridge including some of the world’s biggest insurers. In a report published Friday, ClimateWise said that increasing catastrophes linked to climate change could triple losses on property investments over the next 30 years.
The warning adds to concerns raised by Munich Re AG last month, which said a string of floods, fires and violent storms had doubled the normal amount of insurable losses. Munich Re has said global climate-related losses may have topped a record $140 billion last year.
“A failure to take account of these risks could be damaging both for individual investors and lenders, but also for the financial system and economy as a whole,” according to the 74-page report, which was written on the behalf of ClimateWise members including Allianz SE, XL Group, Aviva Plc and Lloyds Bank Plc.
The warning is the latest from the financial sector of the physical and financial risks posed by rising temperatures. While some investment strategists think climate change will offer opportunities, others warn of physical damage to commercial and residential real estate.
While scientists are cautious to link any single weather event to global warming, they’ve built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.
“Massive wildfires appear to be occurring more frequently as a result of climate change,” Munich Re board member Torsten Jeworrek said, adding investors should look again at whether they’ve properly accounted for rising damages from weather catastrophes.
Extreme weather events are the most threatening global risks this year, the World Economic Forum said in a report published January.