An exterior view of the temporary loss mitigation drying system capable of drying a vehicle and other contents. An exterior view of the temporary loss mitigation drying system capable of drying vehicles and other contents. (Photo courtesy of M. Iftkhar)

While innovation in the field of disaster restoration continues to evolve at a steady pace, the soaring frequency, intensity and severity of climate-related disasters seriously threaten to outpace the rate of innovation rollouts.

For example, the amount of damage caused by riverine floods in towns and cities is expected to increase by 240 % from $157 billion to $535 billion by 2050 according to the World Resources Institute. MarshMcLennan reports that flooding has caused over $1 trillion in losses globally since 1980.

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