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Insurance Business | 11 Nov 2016, 11:25 AM Agree 0
As city makes history in releasing its flood maps, what does the move mean for the industry?
  • Thom. C.J. Young | 11 Nov 2016, 12:21 PM Agree 0
    All municipal authorities should be required by law to do hazard mapping and mitigation planning for all natural events. Maps should include evacuation routes, mustering points and emergency response capabilities. These things are competitive issues between communities that businesses and residents need to have access to when deciding to locate. As with the proximity of schools, hospitals and emergency response ability, the smart shopper will weight these factors in determining where they want to live and work and the smart municipality will make their community more attractive by doing what is necessary to protect lives and property in their community. A community without a plan is a disaster waiting to happen. Communities are already penalized by insurance rating for many factors, the residents should have access to the public information that explain the reasons for those penalties.

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