Skip to comments.Sandy the 11th U.S. billion-dollar disaster of 2012
Posted on 11/10/2012 6:42:14 AM PST by ExxonPatrolUs
Devastating Hurricane Sandy was the eleventh billion-dollar weather-related disaster in the U.S. so far this year, and the most expensive, said insurance broker AON Benfield in their November 8, 2012 Catastrophe Report. This puts 2012 in second place for most U.S. billion-dollar weather disasters behind 2011, when NOAA's National Climatic Data Center (NCDC) counted fourteen such disasters. AON Benfield rated seventeen events as billion-dollar weather disasters in 2011, so the actual number of such disasters has considerable uncertainty depending upon who is doing the estimates. NCDC has not yet released their official figures for 2012's billion-dollar weather disasters, and we might expect that their total could be 20% lower than AON Benfield's, judging by what happened in 2011. This would give 2012 nine billion-dollar weather disasters, which would still put 2011 in second place for most billion-dollar weather disasters. Although damages due to weather-related disasters are increasing, we cannot yet say climate change is to partially to blame. There are too many other complicating factors such as increases in wealth and population that may be responsible for the rise in damages, and there is too much noise in the data to see the signal of climate change, as I explain in my January 2012 post, "Damage losses and climate change". We are better off looking at the atmosphere itself to find evidence of climate change, and there are plenty of examples of that--such as the record loss of Arctic sea ice this summer.
But, the biggest disaster that will cost us about $4 Trillion is the Re-ELECTION of ZERO!!
Or...to put it another way... this year was not as bad as last year storm wise.
let’s see the figures for the entire previous 20 years adjusted for inflation - bringing every year’s disaster costs up to 2012 inflation adjusted costs, before we decide that weather is the only factor making for more billion$ disasters
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