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All that said Understand that FEMA's expected annual loss estimates are serious - $141B/yr NOAA's billion dollar disasters is bad science at best & political propaganda at worst Don't confuse the two
What is a more accurate representation of US* weather disaster losses over time? Here you go, enjoy! Note: FEMA's $141B in 2021 equates to ~0.6% of GDP *North America, but almost all are USpic.twitter.com/2vFHQtZsdv
Interestingly, median North American weather losses 2010-2020 in Swiss Re dataset are $140B, while FEMA total expected losses for 2021 are $141B (not just weather) This suggests to me that FEMA is low Expected losses should be higher than 10-yr median due to growth alone /END
PS. Just for fun I have graphed below NOAA Billion$ disaster losses as a % of Swiss Re total NA weather losses 2017 is ... interesting Pop quiz: Over time, why might we see a greater proportion of total losses coming from billion$+ events? Is there an economist in the house?pic.twitter.com/UmuK6sB07k
How much of this is due to a warming climate?
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