for natural disaster events in the USA in the more than 200 years that country's Oceanic and Atmospheric Administration has been tracking.
The US was hit with 20 separate billion-dollar climate events, totalling $145 billion in damages, the equivalent of some R2.2 trillion. The US isto experience even more natural disasters in the years to come, driving costs even higher. "We can expect a significant jump in extreme weather over the next 20 or 30 years," Piers Forster, a climate scientistImpacts of the climate crisis will intensify, causing financial losses to trend upward, and homeowners, insurance companies, taxpayers and the government will all have to foot the bill. This means more homeowners falling behind on their mortgage as insurance doesn't always cover damage costs.
Home insurance business must be lucrative in the north
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