Extreme weather will cost the US around $ 100 billion in 2020

Extreme weather events cost the US around $ 100 billion. Source: Image by S. Hermann & F. Richter from Pixabay

Last year, forest fires and floods caused damage of around 100 billion dollars in the United States. “This year we will unfortunately break that record,” said US President Joe Biden during a visit to Sacramento, California.

This year alone, fires in the USA would have devastated an area of ​​around 2.14 million hectares. This corresponds to a little more than the area of ​​Hesse. Well over a third of the burned area was in California. “Scientists have been warning us for years that extreme weather will get even more extreme. We are now experiencing it in real time, ”states Biden.

Hurricane “Ida” also caused catastrophic flooding. The risk analyst RMS currently puts the damage at a sum between 25 and 35 billion euros. According to the analysis, the losses primarily reflect property damage and business interruptions in residential, commercial, automotive, industrial, infrastructure, ocean freight and freight forwarding businesses, as well as watercraft.

However, the loss estimate could rise even further: The previous RMS figures currently only refer to the US states of Alabama, Florida, Louisiana and Mississippi. That doesn’t include the devastation in New York.

Author: VW editorial team



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