JERSEY CITY, N.J., March 19, 2019 — ISO, a Verisk (Nasdaq:VRSK) business, released today its National Building Code Assessment Report, a report that examines the code enforcement efforts of more than 25,000 building departments in the United States and offers key insights into how building codes can help prevent losses from disasters.
"We have seen heightened incidents of natural disasters during the past few years that have put the nation’s building codes to the test," said Robert Andrews, vice president and chief field operations officer, ISO Community Hazard Mitigation. "Hurricanes, flood, and wildfire have caused billions of dollars in losses across multiple states. Our new report provides valuable insights about building codes throughout the country and how well they are enforced, which is vital information for communities, municipalities, and insurers."
The report was developed by the ISO Building Code Effectiveness Grading Schedule (BCEGS®) team, which assesses building codes in effect and grades communities on both code adoption and enforcement. The report also features analyses of natural hazards and catastrophes in each state and diverse perspectives on catastrophe mitigation from the federal government, nonprofit organizations, and academia.
Download a copy of the National Building Code Assessment Report.
ISO, a Verisk (Nasdaq:VRSK) business, is a leading provider of advanced tools and analytics for the property/casualty insurance industry. Drawing on unique data assets and deep domain expertise, ISO products and services help insurers underwrite and price risks with greater precision and efficiency and manage claims more effectively across the spectrum of commercial and personal lines of insurance. For nearly 50 years, ISO has been a leader in developing innovative solutions and working with multiple stakeholders in the property/casualty insurance marketplace, including insurers, reinsurers, third-party administrators, agents and brokers, insurance regulators, and risk managers. For more information, please visit www.verisk.com/iso.
Edelman (for ISO)