The costs of catastrophic events continue to increase primarily because:
A) more people are moving into more hazardous areas.
B) not enough people pay for insurance in hazardous areas to even out the costs.
C) insurance companies are not making enough profit to satisfy their shareholders.
D) insurance companies are refusing to insure most natural hazard losses.
E) natural hazards are becoming more difficult to understand.

Question

Quizplus · Accepted Answer

The increase in cost of catastrophic events is mainly due to the fact that more people are moving into hazardous areas. With more people living in areas prone to natural disasters such as floods, hurricanes, earthquakes, and wildfires, the damage and economic losses resulting from these events are increasing.

The Costs of Catastrophic Events Continue to Increase Primarily Because