A not-so-small cottage industry is now built around disaster preparation. While it never hurts to be prepared, say experts, how much of this industry is actually playing into people’s fears?
Companies like ServiceMaster, ServPro, Disaster Kleenup International and the Signature Group are ready to mobilize workers by the hundreds to respond to catastrophe for days and weeks on end.
To what degree a catastrophic event might be caused by climate change is impossible to measure at this stage, so global warming isn’t being directly priced into insurance premiums.
New pipelines and high storage levels will combine to prevent a repeat of 2005 when hurricanes Katrina and Rita interrupted supply and prices spiked.
Homeowner insurance costs and coverage vary widely state to state, forcing many consumers to navigate multiple policies and pay multiple premiums to cover one home.
With the ever-growing encroachment of people into formerly rural, wildfire-prone areas you have the recipe for disaster — and a potential opportunity for businesses with products designed to help homeowners cope with the fires.
Wildfires that burn more than 100,000 acres—an even considered rare 30 years ago—are now the rule rather than the exception, according to a 2008 paper by the National Center for Policy analysis.