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Hurricanes don’t just create a path of destruction for homes and businesses. They are also incredibly expensive. The 2024 hurricane season alone has led to more than $100 billion in economic losses — this doesn’t even account for interrupted economic activity or loss of life — making the true cost of these storms much higher. While rising temps are partially to blame for more frequent hurricanes, the increasing cost of the destruction they cause is due to population growth in hurricane-prone areas. As the population of coastal communities has grown, so has the value of physical assets in harm's way — leading to clean-up and rebuilding efforts that are more expensive than ever. Unless we begin to approach climate-driven destruction with a resilient lens, we’ll continue to see costly destruction from hurricanes for a few reasons: - There are incentives to continually rebuild in the same hurricane-prone areas. - Assets that are more vulnerable to hurricanes translate into higher costs. - Storms are becoming more frequent and severe. Want to dive even deeper into the causes and costs of hurricanes — and what can be done about it? Read our full report on hurricanes in Epicenter Insights. https://lnkd.in/eB3mdBbi #hurricanes #hurricanedestruction #hurricaneseason

Hurricanes: why they're so destructive and expensive

Hurricanes: why they're so destructive and expensive

epicenterinsights.com

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