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Sunk costs: The socioeconomic impacts of flooding

This paper examines the underlying dynamics — and pathology — of flood risk. It is the first in a series, Rethinking Flood, that synthesizes the insights and perspectives our businesses have gained in 150 years of managing flood risk. The first section explores how flood risk is increasing due to changes in underlying drivers. The second examines the costs of flooding including the implications for the most-affected economic sectors, as well as wider societal and environmental costs. And the final section looks at how flooding increases inequality in the wake of the global coronavirus pandemic and growing tensions in countries over widening socioeconomic disparities — and the role of insurance in mitigating inequality
Author: Marsh, Guy; Carpenter, Mercer; Wyman, Oliver
Language: English
Pubished By: Marsh & McLennan Companies
Pubished date: 2021

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