Natural disasters did $330 billion worth of damage in 2017, mostly due to hurricanes smashing into the U.S. this fall, making last year the second costliest year for disasters since 2011, according to the reinsurance industry.
Insurers will pay out $135 billion for natural disasters, according to Munich Re, the most on record. The majority of the monetary damages came from Hurricanes Harvey, Irma and Maria, which hit U.S. and Caribbean islands in the fall.
These hurricanes did $215 billion in damage.
While nominal costs of natural disasters — including hurricanes, fires and earthquakes — have grown over time, taking into account inflation and economic growth actually shows disaster costs have been trending down since 1990.
That’s according to research carried out by the University of Colorado’s Dr. Roger Pielke, Jr., who’s spent years studying why natural disaster spending has increased despite no apparent trends in extreme weather.
Pielke pushed back against claims made by politicians and activists that global warming is making natural disasters more frequent, thus causing disaster costs to go up.
Pielke’s work — and the work of others — however, shows this is not the case.
The global economy has grown since the 1990s. Hurricane Harvey, for example, was the costliest natural disaster of 2017, inflicting $85 billion when it struck in late August. Harvey dumped record rainfall for several days over the greater Houston area.
But Harvey’s price tag would have been much smaller had it hit in, say, 1960 when Houston’s population was 60 percent less than it is today. Fewer buildings, roads and infrastructure mean the same storm can do less damage.
That’s not all, though. Pielke has noted that even without development, inflation also makes it seem like there are more $1 billion disasters today than there were in past decades. We’ve also gotten better at detecting extreme weather, including through the use of satellites.
Activists often argue that increased disaster costs and disaster declarations show how extreme weather is becoming even more extreme and intense due to man-made global warming.
Climate assessments, though, say there’s no evidence of increasing trends in extremes.
“The most important caveat: don’t use disasters to argue about trends in climate,” Pielke wrote in a blog post that incorporated new Munich Re disaster data.
“Trends in the incidence of extreme weather help to explain this graph as the world has experienced a long stretch of good fortune,” he explained.
A version of this article appeared on The Daily Caller News Foundation‘s website.
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