When disaster strikes, it doesn’t discriminate. California wildfires have become an annual terror, and last year, Asheville, N.C., was ravaged by the magnitude of the floods that upended lives and left many residents homeless. The truth is undeniable: Fires, floods, hurricanes and earthquakes are now billion-dollar events.
The most recent wildfires in Los Angeles, for instance, have killed at least 27 people, destroyed more than 12,000 structures and forced 200,000 residents to flee their homes. According to some estimates, the financial impact could exceed $250 billion.
