The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
Tampa, Fla. (PRWEB) January 24, 2013
With a mild winter, relatively warmer weather in general, and drought conditions expected to continue in 2013, the Insurance Institute for Business & Home Safety (IBHS) urges home and business owners to take action now to effectively reduce their wildfire risk.
“Wildfire losses have been on the rise during the past couple of years in several states, with Colorado, Texas and Wyoming being particularly hard hit,” noted Julie Rochman, IBHS president and CEO. “2013 is shaping up to be another very dangerous year, because of a combination of weather-related factors.”
According to “State of the Climate,” released by the U.S. National Oceanic and Atmospheric Administration (NOAA), 2012 was the warmest year on record in the contiguous United States. The average temperature in 2012 was a full degree higher (55.3 degrees Fahrenheit) than the previous record set in 1998. In addition, warm temperatures were coupled with severe drought. Last year was the driest year in the contiguous United States since 1988, according to NOAA. In Nebraska and Wyoming, it was the driest year on record.
For 2013, 10 states are already experiencing “exceptional drought” conditions while snow levels throughout the country are nearing record lows, according to the National Drought Mitigation Center.
More than 67,000 wildfires burned more than 9.2 million acres throughout the country in 2012, according to the National Interagency Fire Center. This was the third largest number of acres burned in the U.S. during the 13-year period of record. Warm temperatures and drought conditions will both contribute to an increase in the risk of wildfire this year.
“It is critical that individuals and communities vulnerable to wildfire act now to reduce their risks,” Rochman stated. “Property owners can use our effective risk-reduction tools to build what is essentially a ‘self-defense’ system for their property during a wildfire. By doing so, they can evacuate if necessary and still hope to find their home or business intact after a fire moves through the area.”
IBHS wildfire resources are available at DisasterSafety.org. Specific resources include:
• IBHS Wildfire Home Assessment & Checklist
•IBHS Wildfire Brochures: Residential, Farms and Ranches
•IBHS Regional Wildfire Retrofit Guides
IBHS is a leading national expert on preparing for, and repairing and rebuilding structures after, a catastrophe to make them more disaster-resistant. To arrange an interview with IBHS, contact Joseph King at 813-675-1045/813-442-2845, jking(at)ibhs(dot)org or via direct message on Twitter @jsalking.
Follow IBHS on Twitter at @DisasterSafety and on Facebook.
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About the IBHS
IBHS is an independent, nonprofit, scientific research and communications organization supported by the property insurance industry. The organization works to reduce the social and economic effects of natural disasters and other risks on residential and commercial property by conducting building science research and advocating improved construction, maintenance and preparedness practices.
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