News Releases

New Report Shows Resilient Construction Offers Strong Return on Investment

Tuscaloosa, AL, October 12, 2022 – The Alabama Center for Insurance Information and Research (ACIIR) at the University of Alabama’s Culverhouse College of Business today released a report analyzing the return on investment for resilient construction of multifamily properties. The study, which measured the economic value of using FORTIFIED Multifamily™, a voluntary beyond-code construction and re-roofing method developed by the Insurance Institute for Business & Home Safety (IBHS), found the return can be as high as 72 percent.

Read more
News Releases

New IBHS, CoreLogic study shows modern building codes cut post-hurricane mortgage delinquency rates in half

Richburg, S.C., Aug. 9, 2023 – A new report released today by the Insurance Institute of Business & Home Safety (IBHS) and CoreLogic® found modern building codes decreased the expected spike in post-hurricane mortgage delinquency rates by about 50 percent. Borrowers in homes built to modern building codes — which emerged in 2002 — were least likely to experience mortgage delinquency following a hurricane when all other factors were equal.

Read more
News Releases

New Headwaters Economics, IBHS study analyzes costs of wildfire-resistant construction in California

Richburg, S.C., July 28, 2022 – The Insurance Institute for Business & Home Safety (IBHS) and Headwaters Economics today released a study examining the cost of building more wildfire-resistant homes in California, which found vulnerable areas of the home can be mitigated for less than $3,000 during new construction. This analysis, Construction Costs for a Wildfire Resilient Home: California Edition, fills a gap in understanding wildfire-resistant construction costs and demonstrates the affordability of three wildfire resistant options as communities in California and across the West face a growing threat of home-ignition due to wildfire events.

Read more