According to the National Oceanic and Atmospheric Administration (NOAA) climate change will increase the amount and the intensity of extreme weather events all across the United States. With this information, the latest ValuePenguin study has shown that weather-related property damages reached $121.4 billion between 2017 and 2021.
During the period analyzed, flash floods caused $49.1 billion in property damages, hurricanes caused $36.1 billion in damages, and tornadoes caused $7.1 billion in damages. Weather-related property damages in Texas reached $58.3 billion, the highest amount of damage in any state. Louisiana had the highest amount of weather-related damages per household and business.