Resources
Total Damage and Economic Loss Estimates
Comprehensive economic impact estimates for weather and climate disasters are a vital tool for communicating the extent of the impacts and threats from a storm as well as enhancing resilience and future preparedness.
More frequent extreme weather disasters amplified by climate change are impacting more families, businesses, and communities across the country and are likely to continue increasing as we look toward the future. By offering a better understanding of the factors that contribute to the overall total loss and economic burden on communities affected by weather and climate disasters, we can begin to look for answers to minimize their impacts and promote even greater resilience. AccuWeather estimates are the most complete measure of the impacts of an event, rather than components of it, such as insured damage.
The latest Total Damage and Economic Loss Estimates from AccuWeather
Evaluating Direct and Indirect Impacts
AccuWeather™ experts use proprietary methods to evaluate a variety of direct and indirect impacts.
This includes property damage, job and wage losses, crop and infrastructure damage, supply chain interruptions, auxiliary business losses, and flight cancellations and delays.
Our estimates also cover evacuation and relocation costs, emergency management, extraordinary government cleanup expenses, and long-term effects on business logistics, transportation, and tourism.
Additionally, they consider immediate health effects, medical expenses, unreported deaths and injuries, and prolonged negative impacts on survivors' physical and mental health.
Trusted by Experts
At AccuWeather™, our forecast experts work meticulously to estimate the total damage and economic loss from severe weather events, including what we call “the tail period,” the lingering and Dominoe effects of these types of weather and climate disasters. Our estimates have been widely used and reported in business and media, including the New York Times, the Associated Press and the Washington Post.
One of the most significant yet often overlooked aspects of these disasters is their often decades-long or even lifetime impact on health and well-being. For example, the harmful fumes, toxins, and chemicals released by the fires can be carried for miles, posing a serious threat to the health of those in the affected areas and beyond. Or lingering standing water following a flash flooding event could attract insects that spread dangerous disease.
