The American Farm Bureau estimates 2020 natural disasters created $6.5 billion in crop losses alone, with less than half covered by indemnities through the USDA Risk Management Agency.
FEMA’s landmark study, “Building Codes Save: A Nationwide Study,” shows that modern building codes lead to major reduction in property losses from natural disasters. The FEMA report calculates losses from three types of natural hazard (earthquakes, flooding, and hurricane winds) for each state and Washington, D.C.
On November 19 and 20, more than 200 industry and government officials exercised the energy sector’s response and recovery to a Wasatch earthquake during CESER’s Clear Path VIII. This year’s scenario impacted critical energy infrastructure within Utah and the surrounding states with cascading impacts across the Western United States. The regional, all hazards Clear Path Exercise series brings together energy sector partners on an annual basis to update policies and procedures, identify areas for collective improvement, and strengthen relationships and cooperation.
Global natural disaster events during 1H 2020 caused total economic losses estimated at $75 billion – 23 percent lower than the 2000-2019 average of USD98 billion, says Aon's Global Catastrophe Recap: First Half of 2020 report.
Severe weather during June in the U.S. Midwest, Plains and Southeast caused more than $2 billion in total damage, says Aon PLC's monthly catastrophe update.
Nonprofit research and technology group First Street Foundation has released flood risk data for more than 142 million homes and properties across the country.