The Impact of Varying Wind Risk on the Economic Effectiveness of a Statewide Building Code

35 Pages Posted: 4 May 2017

See all articles by Kevin M. Simmons

Kevin M. Simmons

Austin College - Department of Economics

Jeffrey Czajkowski

University of Pennsylvania - The Wharton School

James Done

National Center for Atmospheric Research (NCAR)

Date Written: May 1, 2017

Abstract

As losses from natural disasters steadily increase, communities search for ways to increase resilience. The state of Florida enacted stronger building codes in 2002 as a way to limit losses from windstorms. This study uses realized insured loss data to examine the effect of the Florida Building Code (FBC) on windstorm losses. Further, we analyze the effectiveness of the FBC in different regions within the state. We find that overall the FBC passes a Benefit Cost test with the exception of the use of the higher cost option for impact protection.

Suggested Citation

Simmons, Kevin M. and Czajkowski, Jeffrey and Done, James, The Impact of Varying Wind Risk on the Economic Effectiveness of a Statewide Building Code (May 1, 2017). Available at SSRN: https://ssrn.com/abstract=2963252 or http://dx.doi.org/10.2139/ssrn.2963252

Kevin M. Simmons (Contact Author)

Austin College - Department of Economics ( email )

900 N. Grand, Suite 61591
Sherman, TX 75090-4400
United States
903-813-2341 (Phone)

Jeffrey Czajkowski

University of Pennsylvania - The Wharton School ( email )

3641 Locust Walk
Philadelphia, PA 19104-6365
United States

James Done

National Center for Atmospheric Research (NCAR) ( email )

Boulder, CO 80307
United States

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