earthquakes, tornados, floods, droughts, etc. Altogether these calamities have led to huge economic losses in terms of lost wages and output, destruction of public and private property, and loss of hundreds of lives The nature of these natural disasters can vary in nature. Some natural disasters like tornados, hurricanes and earthquakes occur only for a short period of time — for a couple of hours but cause substantial damage to life and property while other natural disasters likes floods and droughts occur…
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