What role does the private sector have in supporting disaster recovery, and what challenges does it face in doing so?

Disaster-recovery financing has become a critical topic in recent years, particularly as disaster frequency and intensity have changed and diversified. Declarations of natural, human-created, and technological disasters in the United States (and globally) have increased in the past decade. For example, from 2000 to 2014, the number of U.S. disaster declarations has increased dramatically—65 major declarations per year on average and a total of 1,907 declarations overall. And during the peak of such increases in 2011, the Federal Emergency Management Agency (FEMA) issued the largest number to date (90 major disaster declarations and 242 disaster declarations overall) (see FEMA, undated).

• Source(s): RAND Corporation
• Year: 2016
• Language(s): English
• Theme: Private Sector

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