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Determine Your Business’ Resilience to Climate Change

U.S. Suffers Seventh-Highest Disaster Death Toll in World in 2018

Extreme weather events including droughts and wildfires accounted for most of the natural hazards that affected more than 60 million people around the globe in 2018, a United Nations office said in a call for climate change action to reduce disaster risk.

According to the United Nations Office for Disaster Risk Reduction, the majority of lives lost in disasters last year didn’t fall victim to weather-driven events but to earthquakes and tsunamis.

In a year without a “mega-disaster” such as the 2004 Indian Ocean tsunami, 10,373 lives were lost in disasters in 2018. Earthquakes took 4,321 lives while volcanic activity killed 878 people.

Flooding killed 2,859 people last year while affecting 35.4 million people total. Storms killed 1,593 people and affected 12.8 million people worldwide. Hurricanes were also the costliest disaster in terms of cash, with U.S. hurricanes Michale and…

 

Can Your Personal Finances Handle a Natural Disaster?

huricane season

Natural disasters take all sorts of forms. Image source: Getty Images.

Nearly every American lives in the potential path of at least one form of natural disaster. Whether your community is most at risk from hurricanes, blizzards, floods, earthquakes, tornadoes, wildfires, mudslides, or some other type of catastrophe, it’s virtually impossible to pick a place to call home that’s fully safe from nature’s wrath.

That fact appears to weigh on the minds of many Americans, because 46% say that they “don’t believe their community is structurally or financially prepared to handle a natural disaster,” according to a new survey of 1,215 U.S. adults conducted for Jumpstart Recovery. The company, which offers earthquake insurance in California, also found just under half of respondents were  concerned that their communities lacked resources to assist residents displaced in a disaster…

 

Determine Your Business’ Resilience to Climate Change

From droughts in the West that lead to wildfires and water restrictions; to severe storms in the East that affect transportation and supply chains; to Southern hurricanes that cost lives and damage homes, climate change is affecting cities and businesses across the United States. Costs from these disasters are straining cities and businesses budgets. The recent climate assessment released by the US Government warns that the danger of more catastrophes is worsening and that climate change will threaten our economy, public health and wellbeing as well as the country’s infrastructure and natural resources.

Organizations will need to use scenario analysis, a forward-looking assessment of risk, to predict problems and possible solutions and deal with the uncertain climate and policy future. Using published global climate-related scenarios (both physical and transitional) businesses…

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