a2mfk
Structural
- Sep 21, 2010
- 1,314
I am surprised there was no mention of the banking or insurance industries getting involved in this, as they are also major stakeholders. It could be looked at as an overall investment, as the money and lives saved if there is a major EQ would be huge in comparison to the cost of the upgrades. Insurance companies could offer rebates and/or discounts on future insurance premiums, which they do in Florida if you make hurricane/wind improvements to your house (rather small amount but they offer it). Also, if FEMA were to have to step in and pick up a lot of the financial tab in a disaster, some type of grant where they help out would likely save us (society, taxpayers) a lot of money in prevention versus reaction.