{"id":881868,"date":"2025-09-04T07:28:24","date_gmt":"2025-09-04T11:28:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/from-risk-to-reward-new-research-finds-increased-payoff-from-disaster-resilience-investments\/"},"modified":"2025-09-04T07:28:24","modified_gmt":"2025-09-04T11:28:24","slug":"from-risk-to-reward-new-research-finds-increased-payoff-from-disaster-resilience-investments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/from-risk-to-reward-new-research-finds-increased-payoff-from-disaster-resilience-investments\/","title":{"rendered":"From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth25 { width: 25% }\n.bwwidth35 { width: 35% }\n.bwwidth40 { width: 40% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments<\/b><\/p>\n<p class=\"bwalignc\"><i>Resilience spending saves jobs and lives, cuts GDP losses and protects communities from higher economic costs when disasters strike<\/i><\/p>\n<p>WASHINGTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAllstate, the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation today released <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uschamber.com%2Fsecurity%2Fbeyond-the-payoff-how-investments-in-resilience-and-disaster-preparedness-protect-communities&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=new+research&amp;index=1&amp;md5=286f1e96cb597567f9795b36935b5cee\">new research<\/a> showing that each dollar not invested in disaster resilience today could result in up to $33 of lost future economic activity. Higher levels of investment protect lives and property and reduce long-term costs for federal, state and local governments if a disaster strikes.<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uschamber.com%2Fsecurity%2Fbeyond-the-payoff-how-investments-in-resilience-and-disaster-preparedness-protect-communities&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=Beyond+the+Payoff&amp;index=2&amp;md5=0307b6542ec8412d55cad9e046465f63\"><i>Beyond the Payoff<\/i><\/a><i>: How Investments in Resilience and Disaster Preparedness Protect Communities <\/i>builds on the partners\u2019 2024 study, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uschamber.com%2Fassets%2Fdocuments%2FUSChamber_AllState-2024-Climate-Resiliency-Report.pdf&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=The+Preparedness+Payoff&amp;index=3&amp;md5=33eb9ef9f69e0331d5990335dfcd93b0\"><i>The Preparedness Payoff<\/i><\/a><i>.<\/i><\/p>\n<p>\nThe new research models the economic impacts of investment scenarios across five major disaster types and calculates impacts by disaster type.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDisaster Type<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth35\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCost of Not Investing in Resilience<br \/>\n<br \/>(per $1, after a future disaster)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nKey Impacts from Lower Resilience<br \/>\n<br \/>Investment<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nHurricanes<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwpadb3 bwalignl bwvertalignt bwwidth35\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$7.84<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUp to 131,000 jobs lost<\/p>\n<p class=\"bwcellpmargin\">\n$24B GDP decline<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTornadoes<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwpadb3 bwalignl bwvertalignt bwwidth35\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$25.15<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n14,500+ jobs lost<\/p>\n<p class=\"bwcellpmargin\">\n$2.2B GDP decline<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nWildfires<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwpadb3 bwalignl bwvertalignt bwwidth35\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$21.87<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n9,800+ jobs lost<\/p>\n<p class=\"bwcellpmargin\">\n$1.7B GDP decline<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDroughts<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwpadb3 bwalignl bwvertalignt bwwidth35\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$32.72<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n19,200+ jobs lost<\/p>\n<p class=\"bwcellpmargin\">\n$3.6B GDP decline<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFloods<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwpadb3 bwalignl bwvertalignt bwwidth35\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$25.44<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n13,700+ jobs lost<\/p>\n<p class=\"bwcellpmargin\">\n$2.3B GDP decline<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Key findings include:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nWhen communities reduce resilience investments, they risk facing more than 30 times that amount in lost future economic activity over the next decade.<\/p>\n<\/li>\n<li>\nResilience funding offers economic protection and stabilizes local labor markets, regardless of size or type of disaster. In hurricane-prone areas, investment can prevent the loss of more than 70,000 jobs.<\/p>\n<\/li>\n<li>\nLocal efforts matter. The report outlines six \u201cLevers of Resilience\u201d that local leaders can use to strengthen preparedness, from infrastructure upgrades to community engagement initiatives.<\/p>\n<\/li>\n<\/ul>\n<p>\nThe report also features insights from emergency managers, engineers, and resilience experts, highlighting the need for cross-sector collaboration and streamlined processes to ensure rapid resource sharing, coordinated decision-making, and recovery efforts that are aligned with local priorities.<\/p>\n<p><b>Rich Loconte, senior vice president, Government &amp; Industry Relations at Allstate<\/b><\/p>\n<p>\n\u201cAfter more than 25 years on the ground with Allstate\u2019s National Catastrophe Team, we know firsthand that preparedness is as much about plans as it is people. It\u2019s supporting a local nonprofit to retain its employees and keeps its doors open after a disaster, working with civic leaders to develop recovery plans that minimize rebuilding costs and educating community members on proactive investments that help better weather storms.\u201d<\/p>\n<p><b>Marty Durbin, senior vice president, Policy at the U.S. Chamber of Commerce<\/b><\/p>\n<p>\n\u201cAs the cost and economic toll of disasters continue to increase, leaders at all levels of government should know that investments in infrastructure resilience will go a long way in protecting and preparing local communities. Resilience investments reduce costs and speed up recovery. The faster a community bounces back, the faster jobs and economic growth return.\u201d<\/p>\n<p><b>Marc DeCourcey, senior vice president at the U.S. Chamber of Commerce Foundation<\/b><\/p>\n<p>\n\u201cCoordination between the public and private sectors needs improvement when it comes to resilience and recovery efforts. Funding is essential, but so is making sure resources are used effectively and partners are working together to deliver the best outcomes.\u201d<\/p>\n<p>\nThe full report is available <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uschamber.com%2Fsecurity%2Fbeyond-the-payoff-how-investments-in-resilience-and-disaster-preparedness-protect-communities&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=here&amp;index=4&amp;md5=b5d1b60b65a4c50148e56dc4e9070cc4\">here<\/a>.<\/p>\n<p><b>Supporting Communities and Small Businesses<\/b><\/p>\n<p>\nThis study adds to a growing portfolio of research and resources produced jointly by the U.S. Chamber of Commerce, Allstate and the U.S. Chamber of Commerce Foundation to strengthen community resilience.<\/p>\n<p>\nThe partnership builds on Allstate\u2019s work to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.allstatesustainability.com%2F&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=strengthen+communities+and+protect+customers+before+and+after+disasters&amp;index=5&amp;md5=d199dd73f1b2c7d48542e879b25aaf78\">strengthen communities and protect customers before and after disasters<\/a> and the U.S. Chamber and Chamber Foundation\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uschamberfoundation.org%2Fsolutions%2Fdisaster-response-and-resiliency&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=disaster+response+and+resiliency+solutions&amp;index=6&amp;md5=1e648e8837eea9d70f6c3620bbcf9945\">disaster response and resiliency solutions<\/a>, which include training and resources to help businesses and communities prepare for and recover from disasters.<\/p>\n<p>\nMore information on the U.S. Chamber\u2019s resilience policy and budget recommendations is in Appendix 3 in the report available to download <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uschamber.com%2Fsecurity%2Fbeyond-the-payoff-how-investments-in-resilience-and-disaster-preparedness-protect-communities&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=here&amp;index=7&amp;md5=b5f90b25b88751ca1339b6684c80ad3b\">here<\/a>.<\/p>\n<p><b>About Allstate<\/b><\/p>\n<p>\nThe Allstate Corporation (NYSE: ALL) protects people from life\u2019s uncertainties with a wide array of protection for <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.allstate.com%2Fauto-insurance&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=autos&amp;index=8&amp;md5=6827aac1d9e7f38c3e17e1f3ddf4d0c1\">autos<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.allstate.com%2Fhome-insurance&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=homes&amp;index=9&amp;md5=005aedeb0774a74281ecb033882a97ce\">homes<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.squaretrade.com%2Fall-plans%2F%3Fmsclkid%3Dc6b5ca58415c1add4deda23509f79cbf%26utm_source%3Dbing%26utm_medium%3Dcpc%26utm_campaign%3DSquareTrade-Search-Alpha%26utm_term%3Dsquare%2520trade%2520warranties%26utm_content%3Dsquare%2520trade%2520warranties&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=electronic+devices&amp;index=10&amp;md5=393d88d9548e03c7815ab8d4fd1b2130\">electronic devices<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.allstate.com%2Fidentity&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=identities&amp;index=11&amp;md5=fd7ed8fae0d1825fd3921ab2360e6634\">identities<\/a>. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate is widely known for the slogan \u201cYou\u2019re in Good Hands with Allstate.\u201d For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.allstate.com&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=www.allstate.com&amp;index=12&amp;md5=dcd204fc366781e4c32ba345880e1a5f\">www.allstate.com<\/a>.<\/p>\n<p><b>About the U.S. Chamber of Commerce<\/b><\/p>\n<p>\nThe U.S. Chamber of Commerce is the world\u2019s largest business organization representing companies of all sizes across every sector of the economy. Our members range from the small businesses and local chambers of commerce that line the Main Streets of America to leading industry associations and large corporations.<\/p>\n<p>\nThey all share one thing: They count on the U.S. Chamber to be their voice in Washington, across the country, and around the world. For more than 100 years, we have advocated for pro-business policies that help businesses create jobs and grow our economy.<\/p>\n<p><b>About the U.S. Chamber of Commerce Foundation<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uschamberfoundation.org%2F&amp;esheet=54318798&amp;newsitemid=20250904718094&amp;lan=en-US&amp;anchor=The+U.S.+Chamber+of+Commerce+Foundation&amp;index=13&amp;md5=d1cb0bcfb04b185ce715c9e8696e8e0b\">The U.S. Chamber of Commerce Foundation<\/a> harnesses the power of business to create solutions for the good of America and the world. We anticipate, develop, and deploy solutions to challenges facing communities\u2014today and tomorrow.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250904718094r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250904718094\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250904718094\/en\/<\/a><\/span><\/p>\n<p><b>Media Contacts:<br \/>\n<\/b><br \/>Allstate: <a rel=\"nofollow\" href=\"mailto:mediateam@allstate.com\">mediateam@allstate.com<br \/>\n<\/a><br \/>U.S. Chamber of Commerce: <a rel=\"nofollow\" href=\"mailto:press@uschamber.com\">press@uschamber.com<br \/>\n<\/a><br \/>U.S. Chamber of Commerce Foundation: <a rel=\"nofollow\" href=\"mailto:foundationcomms@uschamber.com\">foundationcomms@uschamber.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America District of Columbia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Business Insurance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250904718094\/en\/739746\/3\/Slightly_smaller_Allstate_logo_V2.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments Resilience spending saves jobs and lives, cuts GDP losses and protects communities from higher economic costs when disasters strike WASHINGTON&#8211;(BUSINESS WIRE)&#8211; Allstate, the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation today released new research showing that each dollar not invested in disaster resilience today could result in up to $33 of lost future economic activity. Higher levels of investment protect lives and property and reduce long-term costs for federal, state and local governments if a disaster strikes. Beyond the Payoff: How Investments in Resilience and Disaster Preparedness Protect Communities builds on the partners\u2019 2024 study, The Preparedness Payoff. The new research models the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/from-risk-to-reward-new-research-finds-increased-payoff-from-disaster-resilience-investments\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-881868","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/from-risk-to-reward-new-research-finds-increased-payoff-from-disaster-resilience-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments Resilience spending saves jobs and lives, cuts GDP losses and protects communities from higher economic costs when disasters strike WASHINGTON&#8211;(BUSINESS WIRE)&#8211; Allstate, the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation today released new research showing that each dollar not invested in disaster resilience today could result in up to $33 of lost future economic activity. Higher levels of investment protect lives and property and reduce long-term costs for federal, state and local governments if a disaster strikes. Beyond the Payoff: How Investments in Resilience and Disaster Preparedness Protect Communities builds on the partners\u2019 2024 study, The Preparedness Payoff. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/from-risk-to-reward-new-research-finds-increased-payoff-from-disaster-resilience-investments\/","og_locale":"en_US","og_type":"article","og_title":"From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments - Market Newsdesk","og_description":"From Risk to Reward: New Research Finds Increased Payoff from Disaster Resilience Investments Resilience spending saves jobs and lives, cuts GDP losses and protects communities from higher economic costs when disasters strike WASHINGTON&#8211;(BUSINESS WIRE)&#8211; Allstate, the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation today released new research showing that each dollar not invested in disaster resilience today could result in up to $33 of lost future economic activity. 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