Hurricane threat in the Northeast will double in 30 years

Hurricanes and other climate disasters have resulted in damage to $165 billion last year. But that can only be a preview of what’s to come. A new report warns that in the next 30 years, more than 13.4 million properties will be exposed to tropical cyclones that are not at risk today. And more and more are in the Northeastern United States.

The First Street Foundation, a non-profit that focuses on risk analysis, says hurricanes will continue to track north due to climate change, putting more people at risk. Although the losses are small compared to Florida and the Gulf coast, the group said that damages in the Northeast are expected to increase by almost 90%, from $ 123.8 million to $ 231.2 million. Mid-Atlantic states will see their losses increase by 50% in the coming decades.

Florida, not surprisingly, will remain ground zero for US hurricanes, accounting for 70% of the country’s risk, with losses expected to rise from $13.4 billion in 2023 to $14.3 billion in 2053.

It’s not just coastal cities that need to prepare for these storms, however. With many storms reaching Category 3 or higher, inland cities will also be affected, First Street forecasts.

“Over the next 30 years, the tropical cyclones that emerge are likely to become major hurricanes, with greater strengths, and therefore their effects will reach further inland,” the report reads. “While wind exposure and damages are particularly significant on the coast, they are likely to increase significantly on land in many areas that have never been exposed.”

Average annual losses from hurricane damages are expected to jump from $18.5 billion to $19.9 billion.

2022 will be the nation’s third costliest year for natural disasters, according to the National Oceanic and Atmospheric Administration. Hurricane Ian was the costliest event of the year, accounting for $112.9 billion in damages (making it second only to 2005’s Hurricane Katrina and Hurricane Harvey in 2017).

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