Who pays for the damage caused by natural disasters? It's a pertinent question, especially after the hurricane season of 2019, which is likely to go down as one of the most costly in terms of life, infrastructure and property losses. It may take more than a decade for the Bahamas to bounce back from Hurricane Dorian. In the meantime, major flooding caused by Tropical Storm Imelda inundated Houston, while Puerto Rico, which has yet to recover from Hurricane Maria in 2017, is dealing with even more tropical storm-induced floodwaters.
As climate change precipitates more powerful storms, coastal areas will bear the brunt. Pulitzer Prize-winning journalist and avid surfer Gilbert M. Gaul points out in his new book, The Geography of Risk: Epic Storms, Rising Seas and the Costs of America's Coasts, the long coastlines of the United States have been affected by some of the worst storms in the past two decades. Who is actually paying the financial costs for these monster storms? Listen in as Stratfor's Rebecca Keller sits down with Gaul to discuss these and other questions.
Related Reading
The Geography of Risk: Epic Storms, Rising Seas and the Costs of America's Coasts, by Gilbert M. Gaul
A Warmer Arctic Makes for Hotter Geopolitics, from Stratfor Worldview
India's Water-Stressed Future is Now, from Stratfor Worldview
Egypt Girds Itself for a Loss of Power Over Nile, from Stratfor Worldview
Has a Water Sharing-Pact Between India and Pakistan Grown Stagnant?, from Stratfor Worldview
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