The United States experiences many natural disasters each year that destroy private property and critical infrastructure. These disasters result in significant cleanup costs and economic impacts on metrics including employment and GDP. In this study, completed by the United States Chamber of Commerce in partnership with Allstate and the U.S. Chamber of Commerce Foundation, the authors concluded that every $1 invested in disaster preparation saves $13 in economic costs, damages, and cleanup. This highlights the importance of investing in climate resilience.
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