Extreme weather’s true damage cost is a mystery – that’s a problem for understanding storm risk
On Jan. 5, 2025, at about 2:35 in the afternoon, the first severe hailstorm of the season dropped quarter-size hail in Chatham, Mississippi. According to the federal storm events database, there were no injuries, but it caused $10,000 in property damage. How do we know the storm caused $10,000 in damage? We don’t. That estimate […]
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