In 2024, the U.S. faced unprecedented economic losses due to natural disasters, reaching a staggering $217.8 billion. The year saw a dramatic rise in damages caused by hurricanes, wildfires, and severe storms. Hurricanes like Helene and Milton were significant contributors, causing flooding and widespread damage across several states, with damages exceeding $100 billion. Additionally, the U.S. experienced intense wildfires, particularly in California, which further strained the economy. The increase in the frequency and intensity of these disasters is attributed to climate change, leading to higher economic impacts. The global trend also showed a rise in insured losses, highlighting the growing financial burden. To address this, investments in climate-resilient infrastructure and better risk management are crucial for minimizing future losses.
You can read the full article here: https://48x48skid.blogspot.com/2025/01/natural-disasters-in-2024-us-sees.html
Natural Disasters in 2024: U.S. Sees Unprecedented Economic Losses
2024 saw U.S. economic losses from natural disasters surge, reaching a record $217.8 billion / Picture ⓒ AP U.S. Economic Losses from Natu...
48x48skid.blogspot.com