23 May

Billion dollar weather disasters rising

The Oklahoma tornados were highly unlikely to be climate related, however in general it has prompted an article that looks at the number of billion dollar disasters. Insurance companies track these, and according to them, these events are increasing (adjusted for inflation):

“The billion-dollar weather club, as tracked by the National Oceanic and Atmospheric Administration, reads like a Weather Channel hall of infamy: Hurricane Irene, at an adjusted estimated cost of ten billion dollars; the Texas wildfires of 2011, at a billion dollars; and Hurricane Sandy and the yearlong drought of 2012, the costs of which have yet to be reported by NOAA but are sure to meet the threshold as well. In 2011 and 2012 alone, twenty-five weather disasters were estimated to cost over a billion dollars each. In the entirety of the nineteen-eighties, there were twenty.”

(Via The Number: The Oklahoma Tornado and Billion-Dollar Weather Disasters : The New Yorker.)