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Billion-Dollar Weather and Climate Disasters

Posted by feww on December 6, 2016

Cost of 200 disasters in the U.S. exceeds $1.1 trillion

Some 200 weather and climate disasters have occurred in the U.S. since 1980, each exceeding  $1 billion (including CPI adjustment to 2016) in overall damages/costs. The total cost of these 200 events exceeds $1.1 trillion, according to NCDC/NOAA.

Some 12 weather and climate disaster events with losses exceeding $1 billion each across the United States have occurred this year (as of  September), exceeding the 1980–2015 annual average of 5.2 events (CPI-adjusted); the annual average for the most recent 5 years (2011–2015) is 10.8 events (CPI-adjusted).

Four new billion-dollar disaster events have been added during the 3rd quarter, bringing the 2016 event total to 12. This represents the 2nd highest total number of events surpassing the 11 events observed in 2012. The record number of events in one year (since 1980) is 16, as observed in 2011.

The U.S. has also experienced 4 billion-dollar inland flood events during 2016, doubling the previous record, as no more than 2 inland flood events have occurred in a year since 1980. This is a notable record, further highlighted by the numerous other record flooding events that have impacted the U.S. in 2016.

NOAA National Centers for Environmental Information (NCEI) U.S. Billion-Dollar Weather and Climate Disasters (2016). https://www.ncdc.noaa.gov/billions/

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One Response to “Billion-Dollar Weather and Climate Disasters”

  1. GDR said

    Preliminary sigma estimates: Total losses from disaster events rise to USD 158 billion in 2016
    15 December 2016, Zurich

    Total economic losses from natural catastrophes and man-made disaster are estimated to be USD 158 billion in 2016
    Insured losses from disaster events were around USD 49 billion
    Approximately 10 000 people lost their lives in disaster events in 2016
    Earthquakes, hail and thunderstorms, and Hurricane Matthew resulted in the largest insurance losses in 2016

    Total economic losses from natural and man-made disasters in 2016 were at least USD 158 billion. This is significantly higher than the USD 94 billion losses in 2015 and was caused by large natural catastrophes, such as earthquakes and floods, according to preliminary sigma estimates. Insured losses were also higher in 2016 at around USD 49 billion, compared to USD 37 billion in the previous year. However, the gap between total losses and insured losses in 2016 shows that many events took place in areas where insurance coverage was low. Losses resulting from man-made disasters fell to USD 7 billion from USD 9 billion in 2015. Globally, there were approximately 10 000 victims in disaster events in 2016.

    Natural catastrophes accounted for USD 150 billion of the total economic losses in 2016. Insured losses from natural catastrophe events were USD 42 billion in 2016, up from USD 28 billion in 2015, but slightly below the annual average of the previous 10 years (USD 46 billion). Man-made disasters triggered an additional USD 7 billion in insurance claims in 2016.

    http://www.swissre.com/media/news_releases/preliminary_sigma_estimates_total_losses_from_disaster_events_rise_to_USD_158_billion_in_2016.html

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