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Research on climate change is ongoing, but risk management evaluation and strategies need to begin now to avoid the consequences of flooding and escalating property loss, according to a recently published study.

Looking out to the year 2030, the study, conducted jointly by environmental research firm Atmospheric & Environmental Research and its sister company AIR Worldwide, a risk modeling firm, puts the expected average annual losses for the entire U.S. Gulf and East Coast regions in 20 years at $12.3 billion.

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