Hurricanes Expose Vulnerability Of Businesses To Coastal Flood Risks

The preparedness of U.S. businesses is still wanting despite lessons learned from Hurricane Sandy and the high hurricane activity, devastation and losses so far this Atlantic hurricane season, suggests Allianz Global Corporate & Specialty (AGCS).“In light of lessons learned from Sandy and the 2017 hurricane season, are businesses adequately prepared? Our research says no,” states the report released Friday, From Sandy to Maria Increasingly Destructive “Perfect Storms”: How to prepare for the new normal. “For many companies it takes time — in some cases years — to appropriate funding and actually make the much-needed changes,” the report notes.