International Day for Disaster Reduction: Invest to prevent disasters
Source(s):
United Nations Office for Disaster Risk Reduction
Hurricane Katrina caused more than $125 billion in economic losses in the United Sates, four times more than Hurricane Andrew in 1992, which had been the most expensive natural disaster in American history. Of these economic losses, only one third was covered by insurance. The poor are the most affected by disasters and also the less protected.