Extreme Weather: Damages $188 Billion!

2013: Extreme Weather, Extreme Damage

March 27, 2014 - So far, the 2010s have been the decade of severe weather in the United States. In the first four years of the decade, there was an average of 72 presidential major disaster declarations per year due to floods, storms, and wildfires—a nearly 30 percent increase over the previous decade’s average. Of the extreme weather events in 2011 and 2012, 25 each caused at least $1 billion worth of economic damage. CAP determined that the combined price tag for these events was $188 billion and, more devastatingly, they resulted in 1,107 reported fatalities.

This past year also had many severely harmful extreme weather events. A CAP analysis of federal and insurance industry disaster data determined that in 2013 there were: read more>>>