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Disaster cost – The daily blog of behavioral and cognitive economics

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Disaster cost – The daily blog of behavioral and cognitive economics

What Disasters Cost Us

Naming hurricanes, the WMA (World Meteorological Association) just uses 21 letters because it’s tough to find easily recognizable names that start with a Q, U, X,Y, or Z. Instead, after 21 letters, they revert to the Greek alphabet. Because the same lists reappear every six years, our 2024 names will recycle in 2030: Now, with Hurricane Ernesto moving across Bermuda, we can ask what “he” might add to this year’s disaster costs. Billion Dollar Disaster Events .In a recent update that covered slightly more than the first 7 months (January-August 8) of 2024, NOAA looked at billion dollar disaster events. ….[READ]

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