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Spring Journal

Volume 31, Issue 1

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The continued news on the financial and employment losses of Hurricane Isaac is a poignant reminder of the threat natural disasters pose to business and economic growth. Last year alone, global economic losses from natural disasters totaled a remarkable $370 billion (U.S.), according to Swiss Re [SR9-FF  50.915    0.123  (+0.24%)   ]. Many businesses aren’t able to recover from the devastating losses that often accompany a natural disaster. In the U.S., for example, more than 40 percent of businesses never reopen after experiencing a natural disaster.

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