Hartford Business Journal

May, 16, 2016

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4 Hartford Business Journal • May 16, 2016 www.HartfordBusiness.com w w w. H a r t f o r d B u s i n e s s . c o m (860) 236-9998 E D I T O R I A L Greg Bordonaro Editor, ext. 139 gbordonaro@HartfordBusiness.com Gregory Seay News Editor, ext. 144 gseay@HartfordBusiness.com Matt Pilon News Editor, ext. 143 mpilon@HartfordBusiness.com John Stearns Staff Writer, ext. 145 jstearns@HartfordBusiness.com Keith Griffin Digital Producer/Reporter, ext. 127 kgriffin@HartfordBusiness.com Stephanie Meagher Research Director Heide Martin Research Assistant B U S I N E S S Joe Zwiebel President and Publisher, ext. 132 jzwiebel@HartfordBusiness.com Donna Collins Associate Publisher, ext. 121 dcollins@HartfordBusiness.com Jessica Baker Office Manager, ext. 122 jbaker@HartfordBusiness.com Amy Orsini Events Manager, ext. 134 aorsini@HartfordBusiness.com Kaleigh Hickey Events Coordinator, ext. 137 khickey@hartfordbusiness.com Christian J. Renstrom Advertising Director, ext. 126 crenstrom@HartfordBusiness.com David Hartley Sr. Accounts Manager, ext. 130 dhartley@HartfordBusiness.com William C. Lambot Sr. Accounts Manager, ext. 128 wlambot@HartfordBusiness.com John Vuillemot Sr. Accounts Manager, ext. 133 jvuillemot@hartfordbusiness.com Anabela Maia Account Manager, ext. 131 amaia@HartfordBusiness.com Raki Zwiebel Credit and Collections Manager Valerie Clark Accounting Assistant/Office Manager Kim Vautour HR Director Gail Lebert Chair, Executive Advisory Board P R O D U C T I O N Lynn Mika Production Director/Marketing Coordinator, ext. 140 lmika@HartfordBusiness.com Christopher Wallace Art Director, ext. 147 cwallace@HartfordBusiness.com William DeVito Digital Ad Manager/Graphic Designer, graphics@HartfordBusiness.com Peter Stanton CEO pstanton@nebusinessmedia.com Joseph Zwiebel President & Group Publisher, ext. 132 jzwiebel@HartfordBusiness.com Mary Rogers Chief Financial Officer; mrogers@nebusinessmedia.com Subscriptions: Annual subscriptions are $84.95. To subscribe, visit HartfordBusiness.com, email hartfordbusiness@ cambeywest.com, or call (845) 267-3008. Advertising: For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 15 Lewis Street, Suite 200, Hart ford CT 06103. News Department: If you have a news item: Call us at (860) 236-9998, fax us at (860) 570-2493, or e-mail us at news@HartfordBusiness.com Hartford Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Hartford Business Journal (ISSN 1083-5245) is published weekly, 52 x per year — including two special issues in December — by New England Business Media LLC, 15 Lewis Street, Suite 200, Hartford CT 06103. Periodicals postage paid at Hartford, CT. Tel: (860) 236-9998 • Fax (860) 570-2493 Copyright 2016. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O. Box 330, Congers, NY 10920-9894 www.copyright.com Building Codes For almost 30 years, Garrity Asphalt Reclaiming has been investing in machinery and technology to help improve local roads and interstate highways throughout the Northeast. Simsbury Bank has consistently supported Garrity, providing short term working capital and long term equipment financing, as well as state of the art cash management tools. That's the way banking should be. to a greater tomorrow Paving the "We've been doing business with Simsbury Bank for over 20 years. They have been great partners supporting our growth." Bill Garrity SimsburyBank.com 860.651.2057 home in Connecticut if we overbuild on a regular basis compared to our neighbors?" he asked. "Is it worth the extra expense? That should be an individual decision, not a mandate," unless a home is in a target zone for severe weather. Some of the governor's ideas wouldn't necessarily make sense on a statewide basis, he said. "But if we target it to the real high-wind zones … I'm willing to listen to that — that's smart," Hanbury said. Reinhold said there are ways to make buildings more resilient at different price points. "We've had Habitat (for Humanity) homes built to higher standards," he said. "But again, we tend to base it on the risk, so that in Con- necticut, we would be looking at the coastal areas. When you get inland, the risk does drop. You're probably more at risk of trees falling on you, which is a different risk." Added Reinhold, "You don't want to make things so expensive that people can't afford to live." Severe weather threats Jessie Stratton, director of policy for DEEP, said talks among state agencies would lead to a code that is more appropriate for the changing climate. It's not just coastal areas that are prone to trouble, it's also inland riverine areas subject to flooding, she said. DEEP is concerned about rising sea levels and more intense storms, particularly stron- ger nor'easters, she said. Hurricane Sandy destroyed homes along the coast in 2012 and left behind $500 mil- lion in private insurance claims in the state, according to the Insurance Information Institute. "We may or may not get hurricanes, but we clearly are getting more and more nor'easters," Stratton said. "When you have prolonged rain events that often accompa- ny a nor'easter, you're going through mul- tiple tide cycles and so you have whatever impact there is from rising sea level com- bined with the water and then any kind of wind-driven storm surge." Connecticut has more insured property value along its coast than any other state but Florida, she said. "It's a significant issue in terms of main- taining the values of those properties and try- ing to ensure both the safety of people behind those properties, but also the property has a better chance of being resilient to increased storms," Stratton said. n

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