Thursday, December 1News That Matters
Shadow

Tag: $306

US hits record for costly weather disasters: $306 billion

US hits record for costly weather disasters: $306 billion

Technology
With three strong hurricanes, wildfires, hail, flooding, tornadoes and drought, the United States tallied a record high bill last year for weather disasters: $ 306 billion. The U.S. had 16 disasters last year with damage exceeding a billion dollars, the National Oceanic and Atmospheric Administration said Monday. That ties 2011 for the number of billion-dollar disasters, but the total cost blew past the previous record of $ 215 billion in 2005. Costs are adjusted for inflation and NOAA keeps track of billion-dollar weather disasters going back to 1980. Three of the five most expensive hurricanes in U.S. history hit last year. Hurricane Harvey, which caused massive flooding in Texas, cost $ 125 billion, second only to 2005's Katrina, while Maria's damage in Puerto Rico cost $ 90 billion, r...