Society Needs to Flip Its Disaster Spending, Insurance Report Says

Communities would get more value by spending before a disaster, instead of after

Communities are spending money on disasters at the wrong time: after the damage has been done, not before.

That is the central theme Zurich Insurance Group takes in a recently released report that draws conclusions about natural disaster mitigation by analyzing a series of 12 events—floods, storms and hurricanes—since the summer of 2013.

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