UNEXPECTED CLIMATE DISASTERS CAUSE MORE IMPACT THAN CAN REASONABLY BE MEASURED

Through July of this year, 9 weather- and climate-related disaster events occurred with losses surpassing $1 billion each in the U.S. alone.

Measuring the data, however, is a much bigger task. Typically, these types of losses include:

• physical damage to residential, commercial, and municipal buildings

• material assets (content) within buildings

• time element losses such as business interruption or loss of living quarters

• damage to vehicles and boats

• public assets including roads, bridges, levees

• electrical infrastructure and offshore energy platforms

• agricultural assets including crops, livestock, and commercial timber

• wildfire suppression costs, among others.

“However, these disaster costs do not take into account losses to: natural capital or environmental degradation; mental or physical healthcare-related costs, the value of a statistical life (VSL); or supply chain, contingent business interruption costs.”

Even if your area is not known for extreme weather conditions, you never know when you could be impacted negatively by climate change.

Contact CHUG to get your organization prepared today.