Posted on 08/09/2023 12:49:10 PM PDT by ChicagoConservative27
Severe thunderstorms in the first half of 2023 caused a record amount in insured losses, underscoring the impact of climate change on extreme weather events, according to new research for the Swiss Re Group.
A recent report from the group found severe thunderstorms in the first six months of the year caused $34 billion in damages, the highest insured losses ever recorded in a six-month period. Ten events prompted losses of $1 billion and more each, compared to an annual average of six events during the past 10 years. The most affected state was Texas, the report found.
(Excerpt) Read more at thehill.com ...
Republicans to blame.
record... like it will COST more to replace? Like the price of plywood and 2X4’s went way up... who did this?
Covid regs, money-printing, and bloated woke Govt crowding-out has caused 50 year unprecedented inflation.
Its particularly bad in skilled labor and materials.
Even a below-average year for damage repair is going to be a RECORD year now.
This is extremely misleading. After all, what used to cost $10 - $15, now costs $25 -$30 thanks to Bidenomics.
Adjusting for Bidenflation, the actual cost was $0.34.
Tagline correction.
This is another way they spread their false narrative.
There is always going to be record damage in natural events because there are more things to damage and things cost more.
We could improve our infrastructure to better withstand these events, but that’s boring.
If the thunderstorms aren’t named, they don’t count. 😁👍
Of course, the astronomical cost of materials and labor compared to earlier years wouldn’t affect the dollar loss, now would it?
Guess these (not) geniuses overlooked this little item -
https://en.wikipedia.org/wiki/2022_Hunga_Tonga%E2%80%93Hunga_Ha%CA%BBapai_eruption_and_tsunami
“generated the largest atmospheric explosion recorded by modern instrumentation”
It also injected mega amounts of water into the atmosphere, increasing vapor content by 10% on a planetary wide basis.
In case you missed the NASA memo, **water vapor** is a far greater impactful “greenhouse gas” far more than CO2.
I get so tired of the **watermelon agenda** of the mass media.
“””Severe thunderstorms in the first half of 2023 caused a record amount in insured losses,”””
It would be more appropriate to say:
Regular thunderstorm activity in 2023 caused a record amount of insured losses in ‘BIDEN’S PRICE INFLATED BUILDINGS’ and had absolutely nothing to do with Climate Change.
$8 sheets of plywood went to $64. Don’t know what they are now.
Inflation?
Inflation will cause that.
Severe thunderstorms?
Have they tallied up the damage from sprinkles? Or showers? Or snow flurries? Now that’s where the real losses occur. Unimaginable losses.
This stellar research group used two suspect benchmarks, insured, and dollars.
Texas exploded in new construction and population growth. The smart Californians scarfed up existing properties at highly inflated prices. (I sold 2 for way more than I paid for them)
Between more insured properties, higher replacement cost, and Bidenomically jacked up material costs, it’s a no crap Sherlock moment.
Oh, did I forget to mention much higher insurance premiums?
Now hand out the participation trophies and juice boxes to this gaggle of “experts” and pat them on the head.
EC
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