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Trends and Insights

11 Jan 2024

U.S. Hit by Record 28 Billion-Dollar Weather Disasters in 2023

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The U.S. experienced [28 weather and climate events]( in 2023, each causing over US$1 billion in damages, setting a record since such tracking began in 1980. Despite not being the costliest year, the frequency of severe storms, floods, droughts, and wildfires marked an unprecedented increase, accounting for inflation.