Vulnerable Communities Are Using Innovative Financing to Prepare for Natural Disasters. Pew Charitable Trusts. Laura Lightbody . November 30, 2016.
Billion-dollar natural disasters used to strike the United States once or twice a year. But since 1980, such events have occurred five to 10 times annually. These catastrophes threaten public safety, disrupt daily activities, and lead to economic losses. In October, Hurricane Matthew left at least 24 dead and caused $6 billion in insured property loss when it hit the southeastern United States. As the numbers and costs continue to climb, homeowners, communities, and the federal government will be challenged to make wise financial investments that will help save lives and lower the costs of future storms. [Note: contains copyrighted material].
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