Proof Point
Tropical cyclones are most costly environmental disasters at $21.8 billion on average per event between 1980 and 2018, double drought’s $9.6 billion, according to data from NOAA
Average Cost per Environmental Disaster in U.S.
1980 – 2018 (US$ billions)
Proof Point Findings
- Environmental Disaster – Extreme weather event attributed to global warming and climate change that costs billions of dollars in losses and could lead to death or loss of life
- Costliest Cyclones – Tropical cyclones are costliest of environmental disasters, with losses amounting to $21.8 billion on average per event between 1980 and 2018, double drought’s $9.6 billion, according to data from National Oceanic and Atmospheric Administration (NOAA)
- Least Costly Storms – Though over 40% of disaster events in U.S. between 1980 and 2018 were severe storms, their average damage cost was lowest at $2.2 billion per event
- Key Drivers – Include climate change and global warming, rapid urbanization, and population growth
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Market Disruption |
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Source |
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Date Last Updated |
September 25, 2018
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