Kunreuther, HowardMichel-Kerjan, ErwannPauly, Mark2023-05-222014-07-012013-07-012017-09-13https://repository.upenn.edu/handle/20.500.14332/5221Hurricane Sandy caused an estimated $65 billion in economic losses to residences, business owners, and infrastructure owners.1 It is the second most costly natural disaster in recent years in the United States, after Hurricane Katrina in 2005, but it is not an outlier; economic and insured losses from devastating natural catastrophes in the United States and worldwide are climbing.This is an Accepted Manuscript of an article published by Taylor & Francis in Environment: Science and Policy for Sustainable Development on 2013, available online: http://wwww.tandfonline.com/10.1080/00139157.2013.803884BusinessEconomicsPublic Affairs, Public Policy and Public AdministrationArticle