How Much Do Hurricanes Cost?

August 28, 2011 in Daily Bulletin

Allison Linn at Life Inc recently looked at how devastating a hurricane is compared to other forms of natural disasters. She concludes that “Americans should be bracing…a costly clean-up bill.” Some of the more interesting points from her analysis include:

  • Hurricanes are the most expensive type of disaster. Over the past twenty years, natural disasters have seen insurance companies pay out $349.3 billion. About half of that ($153.7 billion) consists of claims directly relating to hurricanes.
  • Tornadoes come second.
  • Hurricanes cause so much damage because they affect such a wide area.

Source: Life Inc.