Report: Hurricane damage cost doubling every decade
Population growth along the coast is leading to a potentially rapid
increase in the cost of storm damage. It could double every 10 to 15
years.
The damage caused by hurricanes is doubling every 10 to 15 years -- not
because of global warming but because more people are crowding into
Broward, Miami-Dade and other vulnerable areas, according to a new
study.
One particularly ominous conclusion:
If
a storm like the Great Miami Hurricane of 1926 struck today, it would
inflict at least $140 billion in damage, dwarfing the $81 billion cost
of Hurricane Katrina's assault on New Orleans, other parts of the Gulf
Coast and South Florida.
If the same storm hit Broward, Miami-Dade and the rest of South Florida 12 years from now, the cost could be $200 billion.
''We're
seeing a big jump in damages, mostly due to more people living along
the coast and more wealth and infrastructure in place than during
previous generations,'' said Chris Landsea, a coauthor of the report
and the National Hurricane Center's science and operations officer.
The
study, written by Landsea and four other prominent hurricane
researchers, appears in the current edition of Natural Hazards Review,
a peer-reviewed scientific journal.
Accounting for population
growth, inflation and changes in wealth, the researchers ''normalized''
-- or brought up to date -- the estimated costs of all U.S. landfalling
hurricanes between 1900 and 2005.
They found a steady doubling of
economic damage every 10 to 15 years, and that hurricanes now cost the
nation about $10 billion every year in total property losses.
''And
that's just direct destruction,'' Landsea said. ``That does not account
for secondary effects like lost tourism and lost jobs. Those are all
additional factors.''
Further inflaming the scientific debate on
the relationship -- if any -- between climate change and hurricane
frequency and intensity, the researchers found no link between global
warming and storm-inflicted damage.
''There's just no appreciable
impact that we can see,'' said Landsea, a leading critic of those who
claim that global warming already is causing more intense storms.
The
1926 hurricane, a Category 4 storm that was slightly weaker than
Hurricane Andrew but far larger, killed hundreds of people and
devastated the region from the Florida Keys to Palm Beach County.
Scientists
say a storm of equal strength and scope eventually will strike this
area and Landsea said the ``entire metropolitan region would suffer a
severe impact.''
''We would not have the same kind of damage as
New Orleans and the Mississippi coast had [during Hurricane Katrina in
2005] because we don't have the same storm surge problem,'' Landsea
said.
``But it would be major wind-destruction event and, along coastal areas, we would have significant flooding.''
In reaching their conclusions, Landsea and the other researchers painted an alarming picture of the present and the future.
''The
analysis here should provide a cautionary warning for hurricane policy
makers,'' the study said, calling for mitigating action, including an
unlikely slowdown in population growth.
``Unless such action is
taken to address the growing concentration of people and properties in
coastal areas where hurricanes strike, damage will increase, and by a
great deal, as more and wealthier people increasingly inhabit coastal
locations.''
Swanny Says: Should the Poor People have to foot the bill for the rich people that build mansions on sand bars? Discuss it
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