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Billion dollar disasters increasing
According to the Office of Coastal Management, the U.S. has an average of 18 weather and climate disasters annually.
In 2023, there were 28 weather and climate disasters with losses exceeding $1 billion. The combined total cost of these 2023 disasters was $93.1 billion. I do not see insurance companies lowering rates. |
Tomorrow.
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NOAA issues its most aggressive hurricane season forecast on record
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NOAA predictions are scary. Not only prepare for the storms but also be prepared for higher insurance costs.
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Climate Change.
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No Hurricanes Last Year
Having zero hurricanes last year to several this year would certainly be a jump. Hurricanes come and go, we had several forecasted last year but none came even close. I don’t think the natural warming of the earth is doing anyone any favors, but it is a natural turn we must all endure. Some who chose to locate on the beach will endure more than those who chose to live on a mountain top.
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Risk
Maybe not available at the coasts or high risk - ocean warming hurricanes
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