Crisis Management, Risk Management

Adapting to Change: Strategies to Mitigate the Impact of Rising Flood Risks

Staci Saint-Preux | February 18, 2024

Flood risks are increasing globally and pose a threat to business operations. Between 2018 and 2023, flood damage expenses in the U.S. totaled an estimated $20-$50 billion. The business impacts from flooding can include employee safety, building damage, supply shortages, and more. Preparing for and understanding the flood risks surrounding business locations will reduce the potential impact. Why are Flood Risks Rising? The warmer climate is a factor in producing more precipitation and increasing flood chances. For every 1 degree Fahrenheit warmer the atmosphere is, it can hold 4% more moisture. The extra moisture in the air produces more powerful…
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