One of the things about natural disasters, is that everyone focuses on the big, kinetic ones, like fires, volcanoes, tornados, earthquakes, etc.
But the one that kills the most people, and does the most damage, is good ol' H₂O; water. The giver of life. Even with hurricanes, most of the damage is done by the flooding. Up here, we had Sandy, which, I think was only a Cat 2 or 3, but did 70 Billion dollars' worth of damage, and killed a bunch of folks.
Hulu has a great documentary on the Tsunami from 2004, in the Indian Ocean. It was a true horror.
Insurance companies sure as hell know this. Try getting home insurance in an area that they deem "flood-prone" (you might be surprised, where they say so). I think that most big insurance companies have refused to insure homes, in many parts of Florida.
> I think that most big insurance companies have refused to insure homes, in many parts of Florida.
Yes, and instead of making the people who choose to live there bear the true cost of that choice, we instead create state-owned flood insurance plans that subsidize the risk for (typically wealthy) coastal homeowners.
But the one that kills the most people, and does the most damage, is good ol' H₂O; water. The giver of life. Even with hurricanes, most of the damage is done by the flooding. Up here, we had Sandy, which, I think was only a Cat 2 or 3, but did 70 Billion dollars' worth of damage, and killed a bunch of folks.
Hulu has a great documentary on the Tsunami from 2004, in the Indian Ocean. It was a true horror.
Insurance companies sure as hell know this. Try getting home insurance in an area that they deem "flood-prone" (you might be surprised, where they say so). I think that most big insurance companies have refused to insure homes, in many parts of Florida.