As climate change creates warm-water 'fuel' for hurricanes like Idalia, insurance gets costlier and economic damage can be greater.
Hurricane Idalia has moved back out over the Atlantic Ocean by now, but its path of destruction made for the costliest U.S. disaster so far this year.
“The combined effects of these factors could significantly impact U.S. properties in future years, including those structures that were once considered out of reach of hurricane wind and flooding,” they said. Accuweather, which takes into consideration both storm damage and total economic loss, for instance from shuttered businesses or even workers unable to show up for a few days, at $18 billion to $20 billion.
A total of 18 extreme weather and climate-linked disasters caused a total of $165 billion in U.S. damages in 2022, NOAA data shows. This was some $10 billion more than the previous year, and the third costliest year since records began in 1980. Coastal inundation and surge levels from where Idalia moved inland rivaled those of Hurricane Ian in Fort Myers last year. However, the Big Bend area of the state that just lived through Idalia is far less populated than the area devastated by Ian, accounting for a vast difference in total damages. The population was approximately 1 million within 30 miles of Ian’s landfall. In comparison, about 38,000 people live within that distance of Idalia’s landfall.
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