It’s been five months since Hurricane Ian slammed into southwest Florida. More than 150 people died in the storm and its aftermath, and the National Oceanic and Atmospheric Administration estimates the damage from high winds, storm surge and flooding at nearly $113 billion dollars. This article discusses how hurricane risks will continue to grow in the coming decades. There are just too many incentives that keep people living in harm’s way, said Robert Hartwig, professor of risk management and insurance at the University of South Carolina — including heavily subsidized insurance and government relief when disaster strikes. “This is all very important information that I think that many individuals — but unfortunately, not the majority — will take into account,” Hartwig said. “Unfortunately, the evidence suggests that nothing, but nothing, will slow down the rapid economic growth we are seeing in some of the most vulnerable parts of the United States to climate change.” Click here to access the full article.
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