US billion-dollar weather and climate disasters: data sources, trends, accuracy and biases

@article{Smith2013USBW,
  title={US billion-dollar weather and climate disasters: data sources, trends, accuracy and biases},
  author={Adam B. Smith and Richard W. Katz},
  journal={Natural Hazards},
  year={2013},
  volume={67},
  pages={387-410}
}
This paper focuses on the US Billion-dollar Weather/Climate Disaster report by the National Oceanic and Atmospheric Administration’s National Climatic Data Center. The current methodology for the production of this loss dataset is described, highlighting its strengths and limitations including sources of uncertainty and bias. The Insurance Services Office/Property Claims Service, the US Federal Emergency Management Agency’s National Flood Insurance Program and the US Department of Agriculture’s… 
Quantifying uncertainty and variable sensitivity within the US billion-dollar weather and climate disaster cost estimates
Abstract Research examining natural disaster costs on social and economic systems is substantial. However, there are few empirical studies that seek to quantify the uncertainty and establish
Insurance risk assessment in the face of climate change: Integrating data science and statistics
Local extreme weather events cause more insurance losses overall than large natural disasters. The evidence is provided by long‐term observations of weather and insurance records that are also a
The Impact of Disaster Data on Estimating Damage Determinants and Climate Costs
An active literature utilizes natural disaster data to analyze damage determinants and estimate future costs of climate change. However, despite its importance in research and policy, no
Spatio-temporal variation of crop loss in the United States from 2001 to 2016
Crop insurance loss data can illuminate variations in agricultural impacts from exposure to weather and climate-driven events, and can improve our understanding of agricultural vulnerabilities. Here
Evaluating the Impact of Climate Change on Dynamics of House Insurance Claims
The adverse effects of climate change bring increasingly more alterations to all aspects of human life and welfare, and one of the sectors that is particularly affected by changing climate is the
Can we weather proof our insurance?
The last few years were particularly volatile for the insurance industry in North America and Europe, bringing a record number of claims due to severe weather. According to a 2013 World Bank study,
Economic losses from US hurricanes consistent with an influence from climate change
Warming of the climate system and its impacts on biophysical and human systems have been widely documented. The frequency and intensity of extreme weather events have also changed, but the observed
Natural Disasters and Corporate Climate Change Policies
  • Dong Chen
  • Economics, Environmental Science
  • 2018
Using county-level data on severe meteorological events in the United States, I show that controlling for fixed firm and county effects, the annual number of natural disasters sustained at a county
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 54 REFERENCES
Federal Financial Exposure to Natural Catastrophe Risk
The objective of this paper is to estimate the expected annual costs to taxpayers of federal disaster-related expenditures to provide guidance to federal policymakers in budgeting and formulating
How Accurate are Disaster Loss Data? The Case of U.S. Flood Damage
Policy makers need accurate disaster loss data for decisions about disaster assistance, policy evaluation, and scientific research priorities. But loss estimation is difficult in a disaster
Losses from Weather Extremes in the United States
Historical data on weather extremes and their effects on the nation's economy since the 1940s were assessed to develop annual measures of nationwide losses and to assess their temporal behavior.
A trend analysis of normalized insured damage from natural disasters
As the world becomes wealthier over time, inflation-adjusted insured damages from natural disasters go up as well. This article analyzes whether there is still a significant upward trend once insured
The Unsustainable Trend of Natural Hazard Losses in the United States
In the United States, direct losses from natural hazards are on the rise with hurricanes, flooding, and severe storms contributing about three quarters of the total damages. While losses from severe
THE ECONOMICS OF HURRICANES AND IMPLICATIONS OF GLOBAL WARMING
This study examines the economic impacts of US hurricanes. The major conclusions are the following: First, there are substantial vulnerabilities to intense hurricanes in the Atlantic coastal United
Climate and solar signals in property damage losses from hurricanes affecting the United States
The authors show that historical property damage losses from US hurricanes contain climate signals. The methodology is based on a statistical model that combines a specification for the number of
Climate and Management Contributions to Recent Trends in U.S. Agricultural Yields
TLDR
An independent test of temperature contribution to national yield trends based on average national yield and area weighted temperature time series found that there are distinct regions of corn growth in the United States and combining all regions in a single regression will result in a biased estimate of nonclimate contributions.
Policy Tenure Under the U.S. National Flood Insurance Program (NFIP)
TLDR
Policy recommendations are discussed that include for banks and government-sponsored enterprises (GSEs) strengthening their requirements and the introduction of multiyear flood insurance contracts attached to the property, both of which are likely to provide more coverage stability and encourage investments in risk-reduction measures.
Normalized Hurricane Damage in the United States: 1900–2005
After more than two decades of relatively little Atlantic hurricane activity, the past decade saw heightened hurricane activity and more than $150 billion in damage in 2004 and 2005. This paper
...
1
2
3
4
5
...