From WeatherNation: Billion-Dollar Disasters Show Crucial Link Between Satellites and Emergency Managers 

From the WashPost: Weather is turning into big business. And that could be trouble for the public.

Interesting review of the public and private weather services and their relationships.

From the Congressional Budget Office:  Hurricanes and Storm Flooding Taking a $54 Billion Annual Toll

The Congressional Budget Office warned in a new report that the cost inflicted by hurricanes and storm-related flooding is expected to hit $54 billion a year, equivalent to 0.3 percent of the nation’s current gross domestic product.

That total consists of $34 billion in expected annual economic losses to the residential sector, $9 billion to commercial businesses, and $12 billion to the public sector.

CBO estimates that a combination of private insurance coverage for wind damage, federal flood insurance, and federal disaster assistance would cover roughly 50 percent of losses to the residential sector and 40 percent of losses to the commercial sector.

From BloombergNews: Wall Street Embraces Weather Risk in New Era of Storms. Climate change revs up number, intensity of weather disasters. New high priests of finance: Forecasters who keep cash flowing

From IBM and AccuWeather Inc. to outfits like Riskpulse, Jupiter and DTN, companies that track weather have created an intensely competitive new industry in just the last five years. Their client lists have grown to include insurers, banks and commodity traders, engineers and architects, shippers, retailers and the travel industry. And little is done without their input.

As global warming makes extreme weather more common, meteorologists have become the high priests of finance, mitigating uncertainty and boosting risk-related profits. “There’s kind of a wave building,” said Tory Grieves, membership manager at The Collider, a North Carolina nonprofit that helps climate entrepreneurs train and network.

2017 Likely Ranks in Top 3 For Most Billion-Dollar Weather Disasters in the U.S. During a Single Year

Extreme space weather hazardous to U.S. economy, national security

While major geomagnetic storms are rare, with only a few recorded per century, there is significant potential for large-scale impacts when they do occur. Extreme space weather can be viewed as hazards for the economy and national security. A rare but powerful magnetic superstorm could cause continent-wide loss of electricity and substantial damage to power-grid infrastructure that could persist for months and cost the Nation in excess of $1 trillion.

According to the Weather Channel, although we are just starting the 5th month of this calendar year, the U.S. already has experienced its 6th billion dollar weather-related disaster. See: The U.S. Likely Just Experienced Its Sixth Billion-Dollar Weather Disaster of 2017