Climate Disasters Made for Costliest Year

The National Oceanic and Atmospheric Administration (NOAA) reports:
2017 will be remembered as a year of extremes for the U.S. as floods, tornadoes, hurricanes, drought, fires and freezes claimed hundreds of lives and visited economic hardship upon the nation. Recovery from the ravages of three major Atlantic hurricanes making landfall in the U.S. and an extreme and ongoing wildfire season in the West is expected to continue well into the new year

Billion-dollar disasters in 2017

Last year, the U.S. experienced 16 weather and climate disasters each with losses exceeding $1 billion, totaling approximately $306 billion — a new U.S. record.

Far more tragic was the human toll. At least 362 people died and many more were injured during the course of the disasters that included:

1 freeze;
1 drought (affected multiple areas);
1 wildfire (affected multiple areas);
2 floods;
3 major hurricanes (Harvey, Irma and Maria); and
8 severe storms.

The biggest newsmakers include the western U.S. wildfires that caused damages tallying $18 billion — triple the previous U.S. record. Losses from Hurricane Harvey exceeded $125 billion, which ranked second only to Hurricane Katrina, the costliest storm in the 38-year period of record. Hurricanes Maria and Irma had total damages of $90 billion and $50 billion, respectively. Hurricane Maria now ranks as third costliest weather and climate disaster on record for the nation, with Irma coming in close behind as fifth costliest.

Since 1980, the U.S. has sustained 219 weather and climate disasters that have exceeded $1.5 trillion in overall damages to date.

Billion Dollar Disasters

Billion Dollar Disasters

16 weather and climate disasters each with losses exceeding $1 billion

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.

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