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Disaster Risk: Hazard × Exposure × Vulnerability

Cents of Security host Mary MacNamara digs into why disaster losses keep breaking records—even when many hazards aren’t skyrocketing—with Patrick Brown, Head of Climate Analytics, at Interactive Brokers. They break down the disaster-risk equation (hazard × exposure × vulnerability), the “expanding bullseye” effect, why mortality from extreme events has fallen, and where adaptation and smarter zoning can move the needle.
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interactivebrokers.com broke the news in on Thursday, December 18, 2025.
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