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United States: estimated overall losses due to natural disasters 2018

Estimated overall losses due to natural disasters in the United States in 2018, by type (in million U.S. dollars)

by Jennifer Rudden, last edited Jun 18, 2019
United States: estimated overall losses due to natural disasters 2018 This statistic shows the estimated overall losses due to natural disasters in the United States in 2018, by type. Severe thunderstorms, for instance, caused overall losses of 18.8 billion U.S. dollars.
Thunderstorms in the U.S. – additional information

Thunderstorms occur when there’s moisture, unstable air and lift. Approximately ten percent of thunderstorms in the U.S. are classified as severe, which means that they include hail of one inch or more, winds exceeding 57.5 mph and/or a tornado. Severe thunderstorms caused more damage than all winter storms, flooding and geophysical disasters put together in 2018.

Severe thunderstorms pose a great risk to public safety and often results in fatalities. People can be harmed in many ways during a thunderstorm, such as directly struck by lightning or hurt when a building collapses/tree falls down. In 2018, 66 people were killed as a result of severe thunderstorms in the U.S. Lightning strikes alone caused 20 deaths and 82 injuries in that year.

The high risk of damage posed by thunderstorms means that insurance cover is an important tool in reducing the losses incurred. In 2016 alone, 109,049 homeowner insurance claims were paid due to lightning losses. Insurers paid out 825.7 million U.S. dollars to policyholders who suffered losses due to lightning in that same year.
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Estimated overall losses due to natural disasters in the United States in 2018, by type (in million U.S. dollars)

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