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The news isn't the dollar amount, but the amount of claims relative to other disaster types. The story is that due to climate change, thunderstorms are causing
by bdcravens 2y ago
The news isn't the dollar amount, but the amount of claims relative to other disaster types. The story is that due to climate change, thunderstorms are causing a higher share than in years past. (Presumption being that all claim types are affecting by inflation in the same way)
- esalman 2y agoIt is actually straightforward to obtain dollar amounts from the claims. Past few years have seen an uptick in single natural disasters causing more than a billion dollars in insured losses.
- throwaway290 2y agoCan this be correlated with amount and severity of thunderstorms? You know people will just say it is because of aging infra and blame the big government
- esalman 2y agoNot necessarily. Hurricane debby currently affecting Florida is a cat 1 storm with only 80 miles max wind. But it's still bringing devastating flooding and storm surge damage.
- westpfelia 2y agoI mean look at texas. They do have shit infra. But they also have been having worse and worse weather, between the winters and the storms.
- throwaway290 2y agoYes so specific stats about how much more bad weather/thunderstorm there is is what I meant. Otherwise people will just say more damages is because of that bad infra.
- somedude895 2y agoFrom the SwissRe report linked above: Urban development, wealth accumulation in disaster-prone areas and inflation are key factors at play, turning extreme weather into ever rising natural catastrophe losses.