Sharing Environmental Risks: How to Control Governments' Losses in Natural Disasters. Government Finance Review | June 1, 1993| | COPYRIGHT 1993 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Recent natural disasters have demonstrated the public sector's vulnerability to natural hazards. It is estimated that state and local governments lose $1 billion annually as a result of damages to public facilities from such disasters, which are minimally covered by insurance or disaster assistance from the federal government.

The book identifies four options to address environmental risk: react to disasters through available resources; risk elimination or risk reduction by relocating infrastructure away from highly vulnerable locations or by redesigning existing ...

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