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Major Climate Disasters Caused $46 Billion in Damage in 2016

Although severe weather is likely every year, there were 15 separate climate disasters in 2016 that led to at least $1 billion in damage. That’s the second most severe weather events in one year since the National Centers for Environmental Information (NCEI) began tracking the costs of storms in 1980.

According to an annual report from the NCEI, various floods, droughts, wildfires, hurricanes and severe thunderstorms led to approximately $46 billion in total damage last year. Additionally, this amount doesn’t account for losses due to the loss natural resources, health care costs or loss of life.

Climate-related disasters of any kind can have a large impact on businesses. Even if your business makes it through a storm relatively intact, damage to your vendors or your area’s infrastructure can lead to substantial business interruption. For help preparing for a severe storm, contact your partner at Warren G. Bender Co.

Filed under: Recent Headlines — Jillian Bender-Cormier @ 2:53 pm February 8, 2017