June 14, 2012
| Posted in Data & Forecasts
Source: Lynn Marcinkowski Woolf, Contributing Writer
Let's talk about the weather, bad weather. Last year, the U.S. had a record 14 weather and climate disasters that each caused at least $1 billion in damages. Now, let's talk business, closed businesses. More than 43% of businesses won't reopen their doors after a disaster, according to Scott Owens, managing director of BluTinuity LLC, a disaster planning and management consulting company. And, for those that open, 29% will fail within two years, he says.
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