Once More on the Value of Mitigation

New article from Scientific American: 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.

In its study, the global insurer found that every $1 spent on “disaster resilience” saves $5 in limiting future costs, including post-storm cleanup efforts.

In recent years, various reports have cited savings of $4,.$5, and $6 dollars in costs but whatever the number the message is mitigation pays.

2 thoughts on “Once More on the Value of Mitigation

  1. That’s a drum I’ve been beating for many years now as I’ve done more direct community work for preparedness – that post-disaster mitigation may be easier (you don’t have to tear down functional infrastructure) but that the whole point is to minimize the impact the improvements have to be in place. Hopefully the stated goal of increasing pre-disaster mitigation investment at the Federal level makes it through the appropriations process.

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