Saved Bookmarks
| 1. |
Which economy suffers the most when disaster strikes |
|
Answer» Answer: NATURAL disasters are damaging events that include extreme weather such as blizzards, droughts, floods, heat waves, hurricanes, lightning strikes, tornadoes, and tsunamis. They also include non-weather events such as earthquakes, mudslides, volcanoes, and WILDFIRES. In the short term, they cost homeowners and insurance companies billions. They raise food and gas prices. 2018 was the fourth-costliest year for natural disasters in history, according to Munich Re. They cost $160 billion, of which only half was insured. The worst damage came from U.S. Hurricanes Michael and Florence and Asian Typhoons Jebi, Mangkhut, and Trami. They cost $57 billion, of which $29 billion was insured. CALIFORNIA wildfires cost $24 billion with insured losses of $18 billion. There were 29 events that cost at least $1 billion each. In June 2019, Congress passed a $19.1 billion DISASTER aid package. Explanation: |
|