In the wake of Alfred, how do we think about and measure the cost of catastrophes?

<https://theconversation.com/in-the-wake-of-alfred-how-do-we-think-about-and-measure-the-cost-of-catastrophes-251704>

"Ex-Tropical Cyclone Alfred is the latest in a succession of extreme rainfall
events to wreak havoc on coastal communities in New South Wales and Queensland.

Over 500 kilometres of coastline has been affected, with extreme rainfall and
flooding reaching inland to Lockyer Valley and the northern rivers of NSW.

This is a massive area, affecting hundreds of thousands of households, with
tens of thousands of people stranded. Similar numbers of properties are likely
to be damaged.

It’s only been three years since the same general region was affected by major
flooding. Many people are still recovering. So, how exactly do we think about
and measure the cost of such catastrophes? What lessons have been learnt, and
how well are they being practised?"

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics