Making America More Resilient toward Natural Disasters: A Call for Action
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Business Economics and Public Policy Papers
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Business
Economics
Public Affairs, Public Policy and Public Administration
Economics
Public Affairs, Public Policy and Public Administration
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Kunreuther, Howard
Michel-Kerjan, Erwann
Pauly, Mark
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Abstract
Hurricane Sandy caused an estimated $65 billion in economic losses to residences, business owners, and infrastructure owners.1 It is the second most costly natural disaster in recent years in the United States, after Hurricane Katrina in 2005, but it is not an outlier; economic and insured losses from devastating natural catastrophes in the United States and worldwide are climbing.
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2013-07-01
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Environment: Science and Policy for Sustainable Development