What is the financial impact on a community with a disaster

[LiberalFighter]

between providing necessary assistance in a timely fashion vs a plan that does little and too late?

I'm wondering if there are any studies showing the financial impact on say Katrina vs a better response?

[kestrel91316]

1. After the dust settled from Northridge, we did halfway ok for a couple of years as people's FEMA

checks and insurance checks propped up the economy. At about the 3 year mark the bottom fell out as the money ran out. So MANY people had moved away, or had hung on with struggling businesses until they lost their homes to foreclosure.

It was really awful for a couple of years. Then the dot com bubble propped it way up again for a time.

[blue-kite]

2. There's been a lot of work on the damage and losses from natural disasters.

Take a look at the World Bank... www.gfdrr.org or the UN www.unisdr.org and you'll find plenty of resources.
The biggest and simplest mistake people make is only calculating the physical infrastructure damage of any disaster.
We always have to consider damage and losses.
Damage = physical cost of replacing infrastructure (whether private or social).
Losses = All of the financial knock-ons from, the loss of access to markets, the loss of work-time, the loss of sales, etc etc etc.
Cheers