About $20 billion is spent on repairing homes following major disasters and minor storms every year. (Credit: Timothy/Adobe Stock)
Hurricanes, tornadoes, severe storms and wildfires created costly damage for property owners in 2024.
According to the National Oceanic and Atmospheric Administration (NOAA), 24 weather events last year had losses exceeding $1 billion each. The events included four tropical cyclones, one wildfire and two winter storms.
Since NOAA started tracking in 1980, there have been 400 billion-dollar disasters in the U.S., with losses exceeding $2.78 trillion.
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