Regressive actions worsening the nat-cat protection gap
While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in 2022. Florida was the fastest-growing state in the US that year according to US census data, with a 1.9% growth rate between 2021 and 2022.