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Earlier this year, we watched in horror as catastrophic fires raged across the Los Angeles area. Just two weeks after the fires were contained, on Feb. 1, disaster struck again in Kentucky, with severe flooding and freezing temperatures brining one of the worst weather disasters the state has seen in years.
One thing we know for sure is that rebuilding from weather-related disasters is expensive. Experts have predicted that the Los Angeles fires will be the costliest in U.S. history. Wells Fargo and Goldman Sachs are estimating $30 billion in insured losses, and early estimates put the total economic damage at $250 billion. Behind those numbers are things which are unquantifiable — the memories, stories and meanings attached to the places that we call home.
This post was originally published on Market Watch
