How does floods affect the economy




















Additionally, Albertans were both surprised and outraged after the June flood to find out that overland flooding is not included in insurance policies. For this reason, political influence resulted in some insurers covering claims originally rejected due to the flooding.

Throughout southern Alberta, businesses located along the Bow, Elbow, Highwood and Oldman Rivers as well as local tributaries were forced to shut down and evacuate. While many Albertans were able to continue working remotely or from home, many industries such as the service industry were unable to work from home resulting in lost revenue and wages. Analysis from Statistics Canada found that in the final two weeks of June, approximately , or Flood effect can change the feature of land areas permanently.

What are the effects of flood? The most immediate floods effect would be the destruction of homes. People get displaced and may have to evacuate to higher ground where their lives are at risk as long as the waters remain on a certain level.

Causes and consequences of flood affect not just people but the environment. The destruction of structures such as bridges and roads add to the human toll and prevent help from reaching devastated areas. Structures such as nuclear power plants are also put at risk. On , a tsunami hit the coastline in Japan causing leakage in nuclear plants. There was high radiation recorded on the area and authorities feared the worst. Many people including animals are affected by the flood.

Floods effect are expensive disasters and rebuilding an area devastated by a flood can be costly. Rivers which overflow can also cause waters to rise in an area. A dam breaking, snow melting also cause floods. Earthquakes, which presage tsunamis can cause massive flooding in coastal areas. What damage do floods cause and how to restore that damage? Damages caused by flood are immediate. Lives are lost, properties are destroyed and if rural areas are hit crops are destroyed.

Flooding causes severe damage, disrupts economic processes and causes a food shortage. Consequences of flooding on property value will cause areas who continue to have flooding problems to have a decrease in real estate value. There will be areas that are more prone to flooding issues. The flood problems in these areas increase the already degraded state of their environment. Flooding impact, especially in urban areas, is enormous. Flood Risk Management. Flood Management Plans.

Negative socio-economic Impacts of Floods. Negative socio-economic Impacts of Floods Loss of lives and property: Immediate impacts of flooding include loss of human life, damage to property, destruction of crops, loss of livestock, non-functioning of infrastructure facilities and deterioration of health condition owing to waterborne diseases. Loss of livelihoods: As communication links and infrastructure such as power plants, roads and bridges are damaged and disrupted, economic activities come to a standstill, resulting in dislocation and the dysfunction of normal life for a period much beyond the duration of the flooding.

The spill over effects of the loss of livelihoods can be felt in business and commercial activities even in adjacent non-flooded areas Decreased purchasing and production power: Damage to infrastructure also causes long-term impacts, such as disruptions of clean water and electricity supply, transport, communication, education and health care. Mass migration: Frequent flooding, resulting in loss of livelihoods, production and other prolonged economic impacts and types of suffering can trigger mass migration or population displacement.

Psychosocial effects : The huge psycho-social effects on flood victims and their families can traumatize them for long periods of time. Hindering economic growth and development: The high cost of relief and recovery may adversely impact investment in infrastructure and other development activities in the area and in certain cases may cripple the frail economy of the region.

Political implications: Ineffective flood response and relief operations during major flood events regularly lead to public discontent or loss of trust in the authorities or the state and national governments.

Authors Amarasinghe, Upali. Amarnath, Giriraj. Alahacoon, Niranga. Ghosh, Surajit. Date Type Journal Article.



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