MULTI-DOLLAR DISASTERS

Led by a record-costly swarm of severe weather episodes, the contiguous U.S. suffered 28 billion- dollar weather disasters in 2023, the highest in inflation-adjusted data going back to 1980. The total cost, $92.9 billion, was the ninth-highest on record. NOAA’s disaster list included 19 severe storm events, two tropical cyclones, four floods, one winter weather event, one drought, and one wildfire event. NOAA’s 1980-2023 annual inflation-adjusted average is 8.5 billion-dollar events, but over the past five years (2019-2023), that average has more than doubled, to 20.4 events.

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