Flooding and Damaging Wind Were Most Destructive Natural Hazards in 2016

This post is part of a series sponsored by CoreLogic.

Annual Summary from CoreLogic Details 2016 Natural Hazard Events

CoreLogic® analyzes and evaluates the number and severity of natural hazard events that occurred across the U.S. annually in its Natural Hazard Risk Summary and Analysis in order to help inform and protect homeowners and businesses from financial catastrophe. The report reviews specific annual hazard events for flooding, earthquake, wildfire, wind, hail, tornado, hurricanes and winter storms, with spotlights on several international events including Asia typhoon. The CoreLogic data shows relatively average or below-average activity for most U.S. natural hazards in 2016 with the exception of flood and wind, both of which saw above-average activity, due in large part to Hurricane Matthew.

According to the National Oceanic and Atmospheric Administration (NOAA) Billion-Dollar Weather and Climate Disasters Table of Events, there were 15 individual weather and climate disaster events with losses exceeding $1 billion in the U.S. in 2016.1

Figure 1: Annual Frequency of Billion-Dollar Hazard Events in the U.S.
from 1985-2015

Note that the data in Figure 1 has been adjusted for inflation.
Source: NOAA
©2016 CoreLogic, Inc. All rights reserved.

Flood

Atlantic Hurricane

Wind

Wildfire

Hail

Tornado

Earthquake

Winter Storms

Many wonder if catastrophic hazard events will be on the rise or the decline as we look ahead to 2017. History has continually shown us that it is impossible to determine exactly when or where the next wildfire, flood or earthquake will strike, which is why preparedness, response and post-loss assessment are paramount.

References

1. https://www.ncdc.noaa.gov/billions/events
(Note that for the 2016 CoreLogic Natural Hazard Risk Summary & Analysis, the data were pulled in early December, at which time there were only 12 disaster events reported.)

2. National Oceanic and Atmospheric Administration and CoreLogic, 2016.

3. National Interagency Fire Center, 2016.

4. U.S. Geological Survey, 2016.