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Wednesday, August 07, 2024The Future of Home Insurance May Rely on Fire Smart Building
Earlier in July 2024, the New York Times published an article highlighting the collaboration of researchers at the Insurance Institute of Business & Home Safety (IBHS) and insurance agencies, who are grappling with escalating losses due to the magnitude of wildfires across the West. The research emphasizes the role of a home's design features to withstand wildfire by focusing on key areas of home ignition risk: near-home landscaping, and the building’s materials and design often referred to as home