AMERICA'S INFRASTRUCTURE: 1% CATASTROPHE
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AMERICA'S INFRASTRUCTURE: 1% CATASTROPHE
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The term 100-year flood is misleading, it does not mean once per century. It means a 1% chance every year, which compounds over a lifetime. Engineers are abandoning the term because it gives the public a false sense of safety. Risk accumulates with time, a 1% annual chance becomes a 20% change over 30 years.
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