CoreLogic's Tom Jeffery shares the company's annual Natural Hazard Risk Summary and Analysis report, which analyzes and evaluates the number and severity of natural hazard events that occurred in the country that year in order to help protect homeowners and businesses from financial catastrophe.
The report reviews annual hazard events for flooding, earthquake, wildfire, wind, hail, tornado, hurricanes and winter storms in addition to highlighting several international events including Asia typhoon. Last year's data (2016) shows relatively average or below-average activity for most U.S. natural hazards with the exception of flood and wind, both of which saw above-average activity in 2016 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. 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.