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16 sie 2024 · As long-term investors, insurers can support the construction and upkeep of “grey infrastructure” such as dams, seawalls and canals, as well as the development of nature-based solutions, including engineered flood plains and sand dunes.
The size of the losses, the protection gap, and human devastation all underscore the importance of addressing flood risk. And, while insurance is a critical part of risk mitigation, it’s clear that risk transfer alone is insufficient to address the challenges ahead.
As long-term investors, insurers can support the construction and upkeep of “grey infrastructure” such as dams, seawalls and canals, as well as the development of nature-based solutions, including engineered flood plains and sand dunes.
The aim of the guide is to raise awareness of the potential hazards and exposures related to flood and rainfall during the construction phase of projects and prompt suitable risk management activity and to enable the production of a Flood Risk Management Plan.
11 cze 2019 · FACT: Flood insurance is available to protect homes, condominiums, apartments and non-residential buildings, including commercial structures. A maximum of $250,000 of building coverage is available for single-family residential buildings; $250,000 per unit for multi-family residences.
Flood events are one of the largest causes of physical loss, damage and delay during the construction phase of a project with consequential loss of revenue and potential financial penalties. Flood risk can affect all stakeholders, including clients, designers, consultants, contractors, insurers and third parties.
23 sty 2024 · The benefits of a proactive approach extend far beyond mere cost savings. By prioritizing flood prevention, you create a safer working environment for your team, minimize project delays, and maintain a positive reputation within the industry.
