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Building Innovation 2015 Conference & Expo Program

Science meets DesignConference Program

Ten Years after "Mitigation Saves"
An Examination of the Value of Private-Sector Investment in Mitigation

Earn 3.5 Learning Units / Health, Safety, Welfare

Friday, January 9, 2015, 1:30 pm - 5:30 pm

A decade after the release of the seminal study, Natural Hazard Mitigation Saves: An Independent Study to Assess the Future Savings from Mitigation Activities, this Special Session, Ten Years after "Mitigation Saves": An Examination of the Value of Private-Sector Investment in Mitigation, will bring together experts to discuss development of a second, complementary work. In 2005, the National Institute of Building Sciences (Institute) Multihazard Mitigation Council (MMC), with funding from the Federal Emergency Management Agency (FEMA), published an independent study that clearly indicated that FEMA's natural hazard grant mitigation programs have been extremely effective in reducing future losses from earthquake, wind and flood. The study found that, "For every public dollar spent on mitigation, there is a savings of $4 to society." However, the 2005 MMC study did not examine the cost-effectiveness of increased building-code design requirements, and an even stronger case for mitigation can be made if private-sector investments also are included. Although it is generally acknowledged that the private sector has received significant benefits from investing in disaster mitigation, the magnitude of these benefits, as well as their costs, has yet to be quantified on a comprehensive basis.

Presenters at the Special Session will discuss a vision for developing Version 2.0 of the 2005 MMC study, which will focus specifically on private-sector investments to resist natural and man-made hazards, and evaluate their effectiveness in terms of resilience. A panel of private-sector representatives will describe motives for mitigation and provide insights into the Version 2.0 vision. Participants will have the opportunity to engage with speakers, the panel and each other.

Speakers

  • Neil Blais, President and CEO, Blais & Associates, Chair, Multihazard Mitigation Council
  • Ron Eguchi, President and CEO, ImageCat, Inc.
  • Bryan Koon, President, National Emergency Management Association, Director of the Florida Division of Emergency Management, and Vice-Chair, Multihazard Mitigation Council
  • Keith A. Porter, PhD, Research Professor, Civil, Environmental and Architectural Engineering, University of Colorado
  • Adam Rose, Research Professor, Sol Price School of Public Policy and Coordinator for Economics, Center for Risk and Economic Analysis of Terrorism Events, University of Southern California

Panelists

  • Debra Ballen, Institute for Business and Home Safety
  • Molly Latham, President, Association of Contingency Planners in Los Angeles
  • Brent Woodworth, President and CEO, Los Angeles Emergency Preparedness Foundation

Topics

  • "Mitigation Saves" Version 2.0
  • Mitigation and resiliency
  • Mitigation in the private sector
  • Building codes
  • Co-benefits and business interruption

Schedule

8:30 am – 12:00 pm

Plenary Symposium: CEO Panel

10:00 am – 10:30 am

Break

12:00 pm – 1:30 pm

FEDCon® Keynote Luncheon

1:30 pm – 5:30 pm

Special Session: Ten Years after "Mitigation Saves": An Examination of the Value of Private-Sector Investment in Mitigation

1:30 pm – 1:50 pm

Why the Private Sector Should Engage in Mitigation
Neil Blais, Blais & Associates

1:50 pm – 2:15 pm

Mitigation and Resiliency
Bryan Koon, National Emergency Management Association

2:15 pm – 2:40 pm

Expanding the "Mitigation Saves" Study to Evaluate the Benefits of Private Sector Investments
Ron Eguchi, ImageCat

2:40 pm – 3:05 pm

Reformulating Building Codes for Community and Private Sector Resilience
Keith Porter, University of Colorado

3:05 pm – 3:30 pm

Introducing Co-Benefits Resulting from Business Interruption Mitigation
Adam Rose, University of Southern California

3:30 pm – 3:45 pm

Break

3:45 pm – 5:30 pm

Private Sector Panel — Motives for Mitigation and Response to the Vision for "Mitigation Saves" Version 2.0
Neil Blais, Blais & Associates, Moderator
Debra Ballen, Institute for Business and Home Safety
Molly Latham, Association of Contingency Planners
Brent Woodworth, Los Angeles Emergency Preparedness Foundation

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