Hurricane Helene, which has resulted in over 200 fatalities and extensive property damage, highlights the increasing financial burden of climate-driven weather disasters on communities.
The significant economic cost of Hurricane Helene could reach $100 billion when considering lost output, presenting a challenging situation for communities lacking adequate flood insurance.
As climate change intensifies, the rising frequency and cost of billion-dollar disasters will increasingly challenge government and insurance capacity to manage these crises.
In 2023, U.S. climate-related disasters accounted for roughly 0.4% of GDP, with projections indicating these economic impacts will only escalate in the future.
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