Favorable weather conditions produced one of the quietest seasons in recent memory. This year's tornado season also produced a below-average number of twisters and statistically, the western wildfire season could be characterized as modest.

But for many people, 2013 didn't feel as "tranquil" as the numbers suggest. Just ask East Coast residents who spent 2013 in recovery mode from Superstorm Sandy; those in the Oklahoma City area who were devastated by two deadly tornado outbreaks within 10 days; or the families forced to flee wildfires in the Colorado Springs, Colo., area.

As population trends continue, more Americans are living in disaster-prone areas. This not only increases the economic cost of recovery, but also leaves more Americans with a large portion of their personal net worth exposed to catastrophic loss.

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