Billion Dollar Weather and Climate Disasters Overview | Weather | Disasters | Michigan Farm News

Billion-Dollar Weather and Climate Disasters: Overview

Category: Markets & Weather


weather map mfn 2018
During 2017, the U.S. experienced a historic year of weather and climate disasters

As part of its responsibility of monitoring and assessing the climate, the National Centers for Environmental Information (NCEI) tracks and evaluates climate events in the U.S. and globally that have great economic and societal impacts. NCEI is frequently called upon to provide summaries of global and U.S. temperature and precipitation trends, extremes, and comparisons in their historical perspective.

Found here are the weather and climate events that have had the greatest economic impact from 1980 to 2017. The U.S. has sustained 219 weather and climate disasters since 1980 where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2017).

The total cost of these 219 events exceeds $1.5 trillion. This total now includes the initial cost estimates for Hurricanes Harvey, Irma and Maria.

2017 in context…

In 2017, there were 16 weather and climate disaster events with losses exceeding $1 billion each across the United States.

These events included 1 drought event, 2 flooding events, 1 freeze event, 8 severe storm events, 3 tropical cyclone events, and 1 wildfire event. Overall, these events resulted in the deaths of 362 people and had significant economic effects on the areas impacted. The 1980–2017 annual average is 5.8 events (CPI-adjusted); the annual average for the most recent 5 years (2013–2017) is 11.6 events (CPI-adjusted).

During 2017, the U.S. experienced a historic year of weather and climate disasters. In total, the U.S. was impacted by 16 separate billion-dollar disaster events, tying 2011 for the record number of billion-dollar disasters for an entire calendar year. In fact, 2017 arguably has more events than 2011 given that our analysis traditionally counts all U.S. billion-dollar wildfires, as regional-scale, seasonal events, not as multiple isolated events.

More notable than the high frequency of these events is the cumulative cost, which exceeds $300 billion in 2017 — a new U.S. annual record. The cumulative damage of these 16 U.S. events during 2017 is $306.2 billion, which shatters the previous U.S. annual record cost of $214.8 billion (CPI-adjusted), established in 2005 due to the impacts of Hurricanes Dennis, Katrina, Rita and Wilma.