Billion Dollar Disasters in U.S. are Soaring

From the WashPost: Billion-dollar weather disasters are soaring again this year. Here’s why. Eleven disasters — mostly severe thunderstorm outbreaks — have produced a price tag over $25 billion in the United States, second most on record to date.

“The onslaught of costly disasters so far in 2024 is concerning ahead of what meteorologists expect to be an extremely active hurricane season. Tropical storms and hurricanes tend to have enormous geographical footprints, leading to lofty price tags that can wreak havoc on regional economies. The summer can also produce wildfires, droughts and heat waves, floods and additional severe storms outbreaks that carry billion-dollar price tags.

There were 28 billion-dollar weather disasters last year, the most on record.”

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