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Building Codes Reduce Hurricane Losses
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Overview
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Florida's building codes are reducing hurricane loss potential by decreasing insured losses for newer buildings, emphasizing the significance of construction dynamics in hurricane landfall locations. The report highlights factors influencing property value and repair costs, underscoring the importance of understanding risk profiles for re/insurance purposes.
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How do building codes influence the overall cost of hurricane-related damage?
How might the reduction in hurricane loss potential impact insurance rates and coverage in Florida?
What measures can be taken to further promote the adoption of building codes in hurricane-prone regions?
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