Hardening of Homes, Funding, and Education Key Components in Severe Weather Mitigation & Resiliency Advisory Council Final Report
The Connecticut Insurance Department Severe Weather Mitigation & Resiliency Advisory Council issued its final report this week with recommendations to mitigate the impact of more frequent and severe weather on homeowners, small businesses, and renters.
The report recommends focusing on hardening properties against severe weather events, addressing the affordability of such measures through tax and insurance credits, grants, and other revenue sources, and educating consumers about available resources and the importance of making improvements to their property to protect against severe weather.
The report specifically identifies the insurance industry as a key stakeholder group that can help share core messaging about:
- The importance of resiliency
- How to participate in existing resiliency programs
- FORTIFIED roof standards
- Flood and tree management awareness
- Insurance education
- Financial assistance (grants and other funding sources)
The Council also recommends that the State General Assembly broaden eligibility for Catastrophic Savings Accounts (CSAs) where property owners can save money on a pre-tax basis for qualified expenses related to severe weather, such as insurance deductibles, repairs, and mitigation improvements.
Big I Connecticut remains committed to working with government officials and other to educate property owners about protecting their property from risk.
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