- Councils & Projects
|Multihazard Mitigation Council|
Multi-Hazard Mitigation Council (MMC)
Committee on Finance, Insurance and Real Estate (CFIRE)
The Committee on Finance, Insurance and Real Estate (CFIRE) is a forum within the Multi-Hazard Mitigation Council (MMC) at the intersection of building sciences with the finance, insurance and real estate industries.
It takes involvement from all sectors of the building industry and a holistic view of the construction process—from the original design concept through to final demolition decades later— to achieve high-performance buildings. Banks, insurance companies, appraisers and real estate firms all play a significant role in how buildings are procured, designed and constructed. How these different segments evaluate the risks associated with particular projects, technologies and practices can have an enormous impact on whether an idea gets the funding and insurance needed to move forward to fruition. However, banks, insurance companies, appraisers and real estate firms often lack the necessary data to support building industry efforts to go beyond “business as usual.”
CFIRE’s purpose is to support building science and finance, insurance, and real estate mutual understanding, harnessing its resources to improve construction and buildings, stimulate innovation and support development of standards, guidelines and conformity assessment programs toward the goal of a high quality affordable built environment.
CFIRE also serves as a focal point for bringing the perspectives of the finance, insurance and real estate community into other NIBS councils and programs.
Daniel Kaniewski, Ph.D., Chair
Jiqiu Yuan, Ph.D., PE, PMP, NIBS Staff