See which states have suffered the most major weather disasters since 2011

See which states have suffered the most major weather disasters since 2011


Ninety percent of counties across the U.S. have experienced a flood, wildfire, hurricane or other federally declared climate disaster between 2011 and 2021, according to a report published Wednesday that calls for urgent investment in climate adaptation and hazard mitigation.

During that same period, 29 states on average endured at least one federally declared disaster, according to the report by Rebuild by Design, a nonprofit that helps communities prepare for and recover from disasters. In 2021 alone, the U.S. suffered from 20 separate billion-dollar disasters.

related investing news

Beauty of muni bonds is tax-free income. Here are three key takeaways for investors

CNBC Pro
Beauty of muni bonds is tax-free income. Here are three key takeaways for investors

The report, which uses data from sources like the Federal Emergency Management Agency, analyzed which parts of the country have experienced the greatest number of disasters, which states are receiving more money to rebuild than others and which areas have endured the longest power outages.

States that were hit with the most disasters include California, Iowa, Mississippi, Oklahoma and Tennessee, which each experienced at least 20 disasters during the last decade, the report said. However, states with lower disaster counts that received the most disaster recovery funding per person include New York, New Jersey, North Dakota and Vermont.

Additionally, counties that on average experienced more than a disaster every year over the last decade are located in Kentucky and Louisiana. Louisiana, which is positioned on the Gulf Coast and is more prone to hurricanes and tropical storms, has received more federal disaster aid per person than any other state.

“We studied this data for many months and in that time continued to find things that were frankly shocking,” said Amy Chester, managing director of Rebuild by Design and co-author of the report.

For instance, Nevada has had only three federal disaster declarations over the last decade and Arizona has had just six. However, those states had the worst rankings for heat-related deaths between 2018 and 2021.

“It took us a bit of time to understand why some of the states with lower disaster counts were low,” Chester said. “We then realized that places like Arizona and Nevada have experienced extreme heat, which is the top climate killer, however heat waves do not get federal disaster declarations.”

As heat waves become more frequent and dangerous as the climate changes, extreme heat is the number one weather-related cause of death in the U.S. Heat events have never been the cause of a federal disaster disaster declaration since they do not cause major property damage, which is the threshold to determine such a declaration.

The financial losses resulting from recent disasters are also greater than the amount of federal recovery funds provided for recovery efforts, the report said. Losses from major disasters over the past five years have surpassed $759 billion, but the amount of federal disaster recovery funds obligated or provided during the same period totaled $103 billion — less than 14% of the losses or need for repair and replacement, the report said.

The authors of the report argued that in order to avoid future losses, the country must prioritize mitigation and resilience projects with higher return on investment ratios and proposed that states impose a 2% surcharge on insurance premiums to pay for such plans.

“Most of our federal policies come in after a disaster,” Chester said. “It’s time to move those investments into adapting our infrastructure to meet our current and future needs — before communities suffer.”

World population growth will reduce due to climate change by 2060, top health expert says



Source

Home flippers see smallest profits since the Great Recession, real estate data firm says
Business

Home flippers see smallest profits since the Great Recession, real estate data firm says

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Higher […]

Read More
More women are entering wealth management, but few are in advisory roles, study finds
Business

More women are entering wealth management, but few are in advisory roles, study finds

Contract, woman and advisor in office for signature, information or document for job application. Advice, client or human resource agent with paperwork for registration, opportunity or deal agreement Jacob Wackerhausen | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the […]

Read More
EV battery startup pivots to defense industry amid Iran war, weak electric vehicle market
Business

EV battery startup pivots to defense industry amid Iran war, weak electric vehicle market

Low-cost Unmanned Combat Attack System (LUCAS) drones are positioned on the tarmac at a base in the U.S. Central Command operating area. Source: U.S. CENTCOM An Arizona-based battery startup led by a former General Motors executive is moving from making products for all-electric vehicles to making products for the aerospace and defense industries amid the […]

Read More