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Wharton Report Says Prioritize Flooding As Highest Risk

Post-catastrophe recovery is "much more difficult, lengthy and expensive" when there is no pre-disaster plan in place, according to a paper on the lessons from 2005's Hurricane Katrina...
August 26, 2015

Post-catastrophe recovery is "much more difficult, lengthy and expensive" when there is no pre-disaster plan in place, according to a paper on the lessons from 2005's Hurricane Katrina. "Beyond Katrina: Lessons in Creating Resilient Communities" urges communities to "reduce exposure through investment in cost-effective measures and improve our capacity to bounce back after a catastrophe." The report, from the Wharton School at the University of Pennsylvania and Zurich Insurance Group Ltd., recommends prioritizing flooding as the highest risk, devoting more resources to pre-event reduction rather than post-event disaster relief, and measuring resilience to guide an investment strategy.

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