Adjusting Business Continuity Plans to Adapt to a Changing Climate

Severe weather events and climate-related disasters are nothing new. On an annual basis, these types of events cost the U.S. approximately $630 billion. The U.S. has a long history of dealing with tropical hurricanes, tornadoes, floods, winter storms, and wildfires. At the same time, the frequency and intensity of these events seems to be increasing, and in addition the locations where these events are occurring is shifting. By October 2021, the U.S. experienced 18 severe weather events each costing $1 billion or more. This is almost three times the average for the past 30 years – and only includes the…