Floods projected to cost US businesses $49 billion, study finds
Floods projected to cost US businesses $49 billion, study finds
Flash flooding takes a toll on more than just American homes. The economy takes a hit with businesses across the country forced to pay for building repairs. Flood repair costs often mean revenue loss. A study by First Street Foundation projected floods would cost U.S. businesses $49 billion this year. First Street Foundation founder, Matthew Eby, talks about this price tag for business across the U.S.