bookmark_borderBuyer Beware: Flood and Storm Damage

As sea levels rise and storms become more volatile, some areas are actually reducing their standards for building codes.

The Insurance Institute for Business & Home Safety released their 2018 report. The analysis assesses the progress of 18 hurricane-prone coastal states along the Gulf of Mexico and the Atlantic Coast in strengthening their residential building codes.

“While many states have affirmed their commitment to strong building codes, in others there is a concerning lack of progress in the adoption and enforcement of updated residential building code systems. Because residential building codes represent a minimum life-safety standard for occupancy, the findings suggest that many homes remain at risk from severe hurricane events.”

Below are the 2018 state scores, based on a 100-point scale, where 100 is the best available score:

Hurricane Ratings
Hurricane Ratings

More on Flood Insurance

bookmark_borderClimate 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.

bookmark_borderActs Of God

Natural Disasters in August, 2012

Tropical Storm IsaacAugust 29, 2012
Tropical Storm Isaac
 Hurricane IsaacAugust 28, 2012
Hurricane Isaac
Trinity Ridge FireAugust 28, 2012
Trinity Ridge Fire
Tropical Storm BolavenAugust 28, 2012
Tropical Storm Bolaven
Tropical Storm IsaacAugust 28, 2012
Tropical Storm Isaac
Wildfires in SiberiaAugust 28, 2012
Wildfires in Siberia
Tropical Storm IsaacAugust 27, 2012
Tropical Storm Isaac
Typhoon BolavenAugust 26, 2012
Typhoon Bolaven
Wildfires in AlgeriaAugust 25, 2012
Wildfires in Algeria
Typhoon BolavenAugust 24, 2012
Typhoon Bolaven
Tropical Storm IsaacAugust 23, 2012
Tropical Storm Isaac
Wildfires in CaliforniaAugust 23, 2012
Wildfires in California
Typhoon TembinAugust 20, 2012
Typhoon Tembin
Wildfires in CaliforniaAugust 19, 2012
Wildfires in California
 Wildfire on ChiosAugust 18, 2012
Wildfire on Chios
Typhoon Kai-takAugust 17, 2012
Typhoon Kai-tak
Typhoon Kai-takAugust 16, 2012
Typhoon Kai-tak
Plume from Batu TaraAugust 15, 2012
Plume from Batu Tara
Thick Smoke over WyomingAugust 14, 2012
Thick Smoke over Wyoming
Wildfires in IdahoAugust 14, 2012
Wildfires in Idaho
Tropical Storm Kai-takAugust 13, 2012
Tropical Storm Kai-tak
Western WildfiresAugust 13, 2012
Western Wildfires
Tropical Storm ErnestoAugust 8, 2012
Tropical Storm Ernesto
2012 Arctic CycloneAugust 7, 2012
2012 Arctic Cyclone
Hurricane ErnestoAugust 7, 2012
Hurricane Ernesto
 Mount Tongariro EruptsAugust 7, 2012
Mount Tongariro Erupts
Typhoon HaikuiAugust 7, 2012
Typhoon Haikui
Tropical Storm ErnestoAugust 6, 2012
Tropical Storm Ernesto
Typhoon HaikuiAugust 6, 2012
Typhoon Haikui
Halstead Fire, IdahoAugust 3, 2012
Halstead Fire, Idaho
 Typhoons Saola and DamreyAugust 1, 2012
Typhoons Saola and Damrey