DISASTER DOLLARS
05/21/2024 |
In 2013 and 2014, the number of weather/climate disasters exceeding $1 billion inflation-adjusted was 10. In 2017, the number hit 19, in 2020 it was 22, and after declining to 20 in 2021 and 18 in 2022, the number reached a record 28 in 2023. The years 2020-2023 have been four of the worst five years with 2017 also in the top five. A home insurance rate respite seems unlikely.