Tampa, Fla. — A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses. The facility will be dedicated to reducing the human, financial and societal costs of natural disasters and other threats to property from coast to coast.

The Institute for Business & Home Safety (IBHS), an insurance industry-supported nonprofit engineering and communications group, will construct the Insurance Center for Building Safety Research with funds from its insurer and reinsurer members.

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