Expanding employee benefits: Should you look into climate catastrophe insurance?

Published Updated 3 Min Read

Flooded street between what looks like small businesses.
Adobe Stock

Natural disasters will likely become more numerous and severe as climate change worsens over the next few decades. Do benefit leaders need to be ready with a solution right now?

According to the National Centers for Environmental Information, the number of natural disasters with damages exceeding a billion dollars rose from an average of three per year to over 17 in the last 40 years. Meanwhile, the Trump administration has cut staff and grants at the Federal Emergency Management Agency (FEMA), which is responsible for helping communities prepare and recover from natural and manmade catastrophes. President Trump has specifically targeted blue states, with 19 claiming they have not received millions of dollars earmarked in at least 215 FEMA grants.

Deanna Cuadra
Senior Reporter

Deanna Cuadra is a senior reporter at Employee Benefit News. Her work covers healthcare, U.S. policy and reform, challenges faced by women and parents in the workplace and innovation in work culture … Read full bio


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form