Construction Defect Journal Archives

Hurricane Inc.: Chasing Billions From Ever Costlier Disasters

September 14, 2017
Prashant Gopal - Bloomberg

Frank Jones’s cell phone chimes: He’s landed another job. If he’s lucky, it could net him a cool million. “We got a monster house,” says Jones, driving through Houston in his Range Rover. His aptly named Cavalry Construction Co. is part of a legion of contractors and other entrepreneurs fanning out across Texas and Florida in the wake of hurricanes Harvey and Irma.

Don’t call him a storm chaser. Jones bristles at the term. Saviors to some, opportunists to others, these businesses clean up, in every sense, after hurricanes, tornadoes, and other catastrophes. Disaster is fueling a growth industry as more frequent and powerful storms lash coastal regions teeming with new homes and offices.



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