Billion-Dollar Weather and Climate Disasters – 2014 Update

Eight weather and climate mega disasters in 2014 caused more than $17 billion in losses

In 2014, eight weather and climate events across the United States, each with losses exceeding $1 billion, caused  a total of more than $17 billion in losses.

In 2013, there were nine events with over $24 billion in losses (CPI-adjusted). Since 1980, the year 2011 had the most billion-dollar events (16) while 2005 was the most damaging year with more than $200 billion in losses (CPI-adjusted), according to the official Scorekeeper, the National Centers for Environmental Information (NCEI).

The greatest economic impact of the weather and climate events have occurred since 1980 [and are ongoing.] The U.S. experienced 178 weather and climate mega disasters during the 1980-2014 period, with overall damages/costs of each event exceeding $1 billion (including CPI adjustment to 2015). The total cost of these 178 mega disasters exceeds $1 trillion, said NCEI (NOAA/NCDC).