On March 2 and 3, citizens of nine states in the Midwest and Southeast faced what could only be described as a swarm of tornadoes. Over two days 131 tornadoes were reported. They caused $1.5 billion in damages and were the first of what may be yet another year of billion-dollar disasters.
Many will recall that during 2011 billion-dollar disasters seemed to come a dime a dozen. Twelve different disasters amassed a toll of over $1 billion apiece, with a grand total of over $50 billion. The number of billion-dollar disasters in 2011 broke the previous record from 2008 by four disasters. According to a United Nations report, the frequency of mass weather calamities is “virtually certain” to continue.
Check out Bloomberg’s recap of 2011 disaster misfortune here.
What steps have you taken to prepare your business for disaster?