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2017 Was a Terrible Year for Natural Disasters: Is It the New Normal?
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2017 Was a Terrible Year for Natural Disasters: Is It the New Normal?

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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Natural disasters including devastating hurricanes and wildfires caused 6 billion in damage in the U.S. in 2017, making it the costliest year on record. The year also painted a grim picture of how climate change could further impact the trajectory of future disasters. “It’s very clear that things are getting worse now than they have been in the past,” said Howard Kunreuther, Wharton professor of operations, information and decisions and co-director of the Wharton Risk Management and Decision Processes Center . “Particularly in Houston with respect to Hurricane Harvey, a lot of the losses from these disasters are now coming from urban flooding and things that had never been on the agenda before.” According to the National Oceanic and Atmospheric Administration (NOAA), there were 16 U.S. natural disasters in 2017 that caused more than $1 billion in damage each.…

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