clock menu more-arrow no yes

Filed under:

Theoretical Storm Has Theoretically Huge Cost

New, 6 comments

Adam Rose, a professor at the USC School of Policy, Planning, and Development, has estimated that an ARkStorm, the theoretical storm that the US Geological Survey thinks could tear California apart, would cost almost $1 trillion in property damage and business interruptions. "That number would make the severe storm scenario 'the costliest disaster in the history of the United States,' Rose said, more than six times greater than the 2001 World Trade Center attacks and Hurricane Katrina, each of which caused $100 billion in business interruption." [USC News]