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Natural Hazard Risk

The Two Year Reduction in Natural Hazard Damage

A Long-Term Trend?

Tom Jeffery    |    Natural Hazard Risk

Natural hazards continue to pose a significant risk to properties in the United States and abroad. As we near the close of 2014, it is important to take time to consider the number and severity of natural hazard events that occurred this past year, and to leverage that analysis to increase the understanding of and mitigation against significant hazard risk across the U.S. and around the...

Hail

A Hazard That Should Not be Overlooked

Tom Jeffery    |    Natural Hazard Risk

One billion dollars: the amount of damage caused by hailstorms on an annual basis in the United States, yet this particular hazard is often overlooked.1 Hail is produced by convective storms, which are associated with a number of hazards, including tornadoes, flooding due to excessive rainfall and strong straight-line winds. All of these events can cause damage to property, so the...

More Or Less Natural Hazard Risk Than Average: It’s All About Location

Parcel-Level Hazard Risk Estimates Highlight Market Differences

Kathryn Dobbyn    |    Natural Hazard Risk

We all intuitively know that location matters when it comes to real estate. For the U.S. housing market, emphasis on location has in the past been in terms of factors such as school districts, commuting times, mass transit and walkability. That being said, in 2013, severe weather caused more than $8 billion in property damage throughout the United States. This number is only expected to...

Pinpointing Hurricane Risk Home by Home

Analysis Shows More Than 6.5 Million U.S. Homes Valued at Nearly $1.5 Trillion at Risk of Hurricane Storm Surge Damage

Tom Jeffery    |    Natural Hazard Risk

Pinpointing Hurricane Risk

This year, we’re ushering in the 2014 hurricane season, which officially began on June 1, in the wake of a fairly inactive past season and amid projections of slightly below-normal activity for the months to come. Though a number of tropical storms and hurricanes formed in the Atlantic in 2013, none made landfall in the U.S. Scientists are predicting more activity than last year in the...

Oklahoma On Fire

Wildfires Burning in Oklahoma Illustrate the Increased Threat of Current Weather and Drought Conditions

Tom Jeffery    |    Natural Hazard Risk

Western U.S. Wildfire Risk

The wildfires burning in Oklahoma last week have kicked the 2014 season into high gear right out of the gate and, as many of us feared, are an example of the extreme type of fire risk posed to homes in many parts of the country when hot and dry conditions combine with high winds. Much of the western and central parts of the U.S. have been experiencing various levels of drought severity over...

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