How Insurers Can Foil the Next Hurricane Sandy

In the 19th century, insurance companies helped drive municipal adoption of fire codes and sprinklers. In the 20th century, they pushed for seat belt laws. With the recent proliferation of extreme weather events — most recently Hurricane Sandy — some industry watchers say it’s time for insurers to once again lobby for big changes. “Maybe homes shouldn’t be worth $10 million when they’re on the coast and every five years will be destroyed.”  More…