New Report Finds Investing in Resilience Saves Jobs and Incomes
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Allstate Corporation (The) (ALL)
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Source: Business Wire
$1 spent on climate resilience = $13 in economic savings, damages, and cleanup costs NORTHBROOK, Ill.--(BUSINESS WIRE)--Every $1 spent on climate resilience and preparedness saves communities $13 in damages, cleanup costs and economic impact, according to a new economic study by Allstate, the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation.The study, “The Preparedness Payoff,” models 25 disaster scenarios ranging in damage and cleanup costs from $1 billion to $130 billion in communities across the country. Each model revealed substantial economic savings resulting from upfront investment in disaster resiliency programs and resources, preserving millions of jobs and household incomes, reducing the number of people displaced from their homes and maintaining production to help local economies rebound faster. On average, for every $1 spent on resilience, communities save $7 on economic costs alone.With weather-related catastrophes increasing in frequency and severi
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- 86% of U.S. Drivers Would Share Data to Save Lives, According to New Arity Report [Yahoo! Finance]Yahoo! Finance
- Allstate to hold Q2 2024 earnings call Aug. 1Business Wire
- New Report Finds Investing in Resilience Saves Jobs and Incomes [Yahoo! Finance]Yahoo! Finance
- Allstate (ALL) Increases Despite Market Slip: Here's What You Need to Know [Yahoo! Finance]Yahoo! Finance
- AM Best Assigns Issue Credit Rating to The Allstate Corporation's New Senior Unsecured Notes [Yahoo! Finance]Yahoo! Finance
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- 5/1/24 - Beat
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- 6/20/24 - Form FWP
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