New Study Shows Hurricane Storm Surge Threatens More Coastal Properties

Superior Construction and Elevation Are Key to Home and Business Survival

TAMPA, Fla., Sept. 14 /PRNewswire-USNewswire/ -- Government minimum flood
elevation requirements for properties vulnerable to storm surge throughout the
Gulf Coast region are woefully inadequate, according to a new study of
property damage caused by Hurricane Ike, which struck the Bolivar Peninsula
near Galveston, Texas one year ago yesterday, Sept. 13, 2008.

The study, HURRICANE IKE: Nature's Force vs. Structural Strength, reveals that
significantly more Gulf Coast homes and businesses are imperiled by disastrous
flooding from storm surge than previously recognized by property owners or
policymakers. The report was issued by the Institute for Business & Home
Safety (IBHS), which is an independent, not-for-profit applied research and
communications organization supported by property insurers and reinsurers.

"Lessons learned from Hurricane Ike, which is the third-costliest hurricane on
record, should be used by vulnerable communities from Texas to Maine to
effectively reduce property damage in all hurricane-exposed areas," said IBHS
President and CEO Julie Rochman.

"Simply put, the study found that many properties are not built high enough to
withstand storm surges, tightly enough to prevent water from causing interior
damage or strongly enough to prevent damage when high winds strike."

The IBHS study questions the current basis for elevating properties along the
Gulf Coast and urges the National Flood Insurance Program (NFIP) to provide
greater incentives for building well above the minimum elevations now in
place. More than 50 percent of the nation's population lives within 50 miles
of the coast, with more than $9 trillion of insured coastal property
vulnerable to hurricanes. The NFIP, which is the federal government program
that provides flood insurance to homes and businesses, also establishes base
flood elevation (BFE) levels for properties.

According to the study's findings, the BFE requirement for homes on Texas'
Bolivar Peninsula ranged between 13 feet for homes built in the 1970s and 17
feet to 19 feet for homes built beginning in 1983. All but a handful of
properties within the first few rows of houses from the coast, built to even
the highest elevation requirements, were washed away during Hurricane Ike.

By contrast, the study found that 10 homes on the Bolivar Peninsula designed
and built under IBHS's building code-plus new construction program, Fortified.
. .for safer living(R), survived the storm sustaining minor damage. The
Fortified homes had outdoor decks at 18 feet that were destroyed, but the
homes, which were elevated to 26 feet, survived.

According to IBHS Senior Vice President of Research and Chief Engineer Dr. Tim
Reinhold, most homes in coastal areas are built to or slightly above 100-year
base flood elevations. "A 100-year flood means that the level of flood water
has a 1 percent chance of being equaled or exceeded in any single year.
However, it is well recognized in the engineering community that coastal homes
built to this level have a 26 percent chance of being flooded or demolished
over the life of a 30-year mortgage. This chance increases to about 40 percent
in a 50-year period," Dr. Reinhold said.

"All it takes is a breaking wave about 2 feet above the base of a house to
knock out the bottom floor or destroy a frame house," explained Reinhold. "The
chances of destruction can be significantly reduced by employing what has been
learned about the importance of proper elevation, which can be relatively
inexpensive when building a coastal home," he continued. "For example,
building to a 500-year base flood elevation reduces the chance of storm surge
exceeding the base elevation to about 10 percent in a 50-year period."

In addition, the IBHS study achieves the following:

-- provides a detailed, real world performance evaluation of superior
construction techniques when tested by a truly extreme weather event;
-- sets the course for rigorous laboratory testing to explore and resolve
remaining issues with specific building materials and systems;
-- proves (once again) the importance of enacting and enforcing strong,
appropriate building codes - and proper elevation requirements in
storm
surge-prone areas; and

-- showcases the leading edge of construction and real estate markets,
i.e., developers choosing to design buildings to the highest standard,
because they understand the favorable cost/benefit ratio and want to
meet consumer demand for safety and durability.

"Beyond the actual findings, our report includes a very practical,
easy-to-follow retrofit guide for Texans in coastal areas to use. The guide
takes into account the current Texas building code requirements and outlines
specific retrofit options that homeowners and residents can use to harden
their property by doing things such as strengthening their roofs," Ms. Rochman
said.

EDITOR'S NOTE: Download a copy of the full report. View a low resolution video
of the Fortified homes that survived Hurricane Ike. To request a broadcast
quality version of the video, please contact Candace Iskowitz, Public Affairs
Manager, at ciskowitz@ibhs.org or (813) 675-1047.

IBHS is an independent, nonprofit, scientific and educational organization
supported by the property insurance industry. The organization works to
reduce the social and economic effects of natural disasters and other risks to
residential and commercial property by conducting research and advocating
improved construction, maintenance and preparation practices.

SOURCE Institute for Business & Home Safety

Brenda O'Connor of Institute for Business & Home Safety, +1-813-675-1043,
boconnor@ibhs.org