This post is part of a series sponsored by CoreLogic.
In the case of natural disasters, 2018 was an eventful year worldwide. Typhoons destroyed the Philippines, Hong Kong, Japan and Oman. Earthquakes caused mass accidents in Indonesia, business interruptions in Japan and structural damage in Alaska. Volcanoes made the news on Hawaii and expanded the island's terrain. Wildfires broke the west coast of the United States; Hurricanes Michael and Florence beaten bay and east coast.
1000-year flood events (or floods said statistically to get a 1 to 1,000 chance of emergence) resumed after one to two years in Maryland, North Carolina, South Carolina, Texas and Wisconsin. Difficult convective storms pelted Dallas, Texas and Colorado Springs, Colorado with great hail while a rash of tornado outbreaks, which spared 82 tornadoes, occurred from Western Louisiana and Arkansas all the way down to southern Florida and up to West Virginia.
According to the National Oceanic and Atmospheric Administration (NOAA) [1
Annually, CoreLogic takes stock of the events that passed to protect homeowners and businesses from the financial devastation that often follows disaster.
Highlights from this year's analysis include:
- Over 1600 significant flood events occurred in the United States, of which 59 percent were river-related.
- Residential and commercial flood damage in North Carolina, South Carolina and Virginia from Hurricane Florence is estimated at $ 19 billion to $ 28.5 billion, of which about 85 percent are uninsured.
- 2018 The Atlantic hurricane season saw 15 named storms, eight of which named hurricanes. Two of these, hurricanes Florence (category 1) and Michael (category 4) made landfalls along the US. This made 2018 the third back-to-back season of the hurricane above the Atlantic average.
- The number of hectares burned in 2018 is the eighth highest in US history reported by November 30, 2018.
- A total of 11 Western states had at least one weapon exceeding 50,000 burned hectares; The main states were California and Oregon, each with seven fires that burned more than 50,000 acres.
No one can stop a hurricane in their tracks or solid ground from an earthquake, but with more information and an understanding of the risk, property owners and insurance companies can speed up the recovery and achieve elasticity. This assessment includes an analysis of what the risk and exposure looked like, what happened during the event, and housing and commercial losses that occurred in the aftermath of each remarkable climatic event.
You can read the entire analysis here. For more information and to keep up to date on the events when they happen, visit our Hazard HQ ™ website for information on the risks of natural hazards.
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