Tropical storms like Alberto can result in years of declining incomes

Components of Texas and Mexico had been hit by flooding this week pushed by Tropical Storm Alberto, the primary named storm of what’s forecast to be a particularly lively Atlantic hurricane season. Whereas total damages weren’t particularly extreme, the long-term financial penalties from the storm and others prefer it might show to be far more important.

“We’re learning more and more every year about the ways in which the scars of natural disasters and extreme climate events can be really persistent,” says Christopher…