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Being Prepared for the Next Disaster Pays Off, New Study Shows

A new economic study finds every $1 spent on climate resilience and preparedness saves communities $13 in damages, cleanup costs, and economic impact.

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Weather-related catastrophes are increasing in frequency and severity, and billion-dollar disasters are now the norm. In 2022 alone, the cost of natural disasters exceeded $360 billion across the globe, including more than 40 weather events causing over $1 billion in damage each. Image for illustration purposes
Weather-related catastrophes are increasing in frequency and severity, and billion-dollar disasters are now the norm. In 2022 alone, the cost of natural disasters exceeded $360 billion across the globe, including more than 40 weather events causing over $1 billion in damage each. Image for illustration purposes
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US Chamber of Commerce

By Thaddeus Swanek
Senior Writer and Editor, Strategic Communications, U.S. Chamber of Commerce

Weather-related catastrophes are increasing in frequency and severity, and billion-dollar disasters are now the norm. In 2022 alone, the cost of natural disasters exceeded $360 billion across the globe, including more than 40 weather events causing over $1 billion in damage each.

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With the cost of disaster growing, it’s essential for government, businesses, and households to invest in resilience for communities to prosper.  

According to a new economic study by Allstate, the U.S. Chamber of Commerce, and the U.S. Chamber of Commerce Foundation, every $1 spent on climate resilience and preparedness saves communities $13 in damages, cleanup costs, and economic impact.

To dive deeper into the subject, follow the link below:

https://www.uschamber.com/security/the-preparedness-payoff-the-economic-benefits-of-investing-in-climate-resilience

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