Natural Hazards Victimization
Existing estimates of the total annual losses from all natural hazards vary from $5 billion to $10 billion, counting all costs—direct and indirect, public and private. Although the variation from estimate to estimate is very large, all agree that the annual toll is in the billions. Such estimates typically are constructed by summing across various component costs, some of which may be very precisely known (e.g., Small Business Administration—SB A—disaster loans) and some of which may be charitably regarded as “educated guesses” (e.g., local community expenditures). Perhaps the least well known among the components are the costs that are borne by victimized households, for which no centralized records are maintained by either federal agencies or national private relief organizations.
KeywordsDepression Insurance Coverage Income Dial Toll
Unable to display preview. Download preview PDF.