Hurricanes and other climate disasters resulted in damages of $165 billion last year. But that could be just a preview of what’s to come. A new report warns that over the next 30 years, more than 13.4 million properties that are not currently at risk will be exposed to tropical cyclones. And a growing number of those are in the Northeastern United States.
The First Street Foundation, a nonprofit that focuses on analysis risk, says hurricanes will continue to track farther north because of climate change, which will put more people at risk. Although losses will still be minimal compared to Florida and the Gulf Coast, the group says damages in the Northeast are expected to increase by almost 90%, from $123.8 million to $231.2 million. Mid-Atlantic states will see their losses increase by 50% in the coming decades.
