Once the weather exposure goes up, people of all groups will have so you’re able to added way more of its costs to help you preparing for and you can giving an answer to catastrophes. Investing in exposure government may help offset this type of will cost you, but some businesses, such as for instance smaller businesses, may not have new monetary liberty to do it. In the , brand new writers surveyed 273 enterprises affected by Hurricane Harvey (and you will reviewed the credit profile of five,000) immediately following they strike Southeast Tx into the 2017 to see the way they answered. Using this data, this new writers reveal the fresh new enough time-identity ramifications regarding catastrophes to own enterprises, and you can show classes to have policymakers and you can advertisers on how top to arrange agencies for coming risk. Continue reading “Given that Weather Exposure Grows, Thus Often Costs for Smaller businesses”
