2min chapter

Freakonomics Radio cover image

437. Many Businesses Thought They Were Insured for a Pandemic. They Weren’t.

Freakonomics Radio

CHAPTER

Flood Insurance - The First Flood

The first flood was in two thousand one, after tropical storm allison. This left the juckers on the hook for about a hundred thousand dollars of damages. It did inspire them to buy flood insurance, which would cover property damage and business interruption insurance. These turned out to be prudent purchases; they have since had several more major disasters....

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