U.S. economic losses from natural disasters reach $218 billion in 2024

Economic toll from hurricanes and other natural disasters soared in U.S. last year and were above average globally.

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Disaster Losses Rose in U.S. in 2024 While Easing Globally

Damage from two hurricanes and a series of punishing wildfires left a price tag of $218 billion in economic costs last year, an 85 percent jump from 2023.
Inc. - 4h
Boeing expects $4 billion loss for fourth quarter after chaotic 2024

Boeing outlined expected results and charges across its business in preliminary fourth-quarter results.
CNBC - 1d
Newsom says California wildfires will be one of the worst natural disasters in U.S. history

California Gov. Gavin Newsom told NBC News’ “Meet the Press” Saturday that the Los Angeles-area wildfires will be one of the worst natural disasters in U.S. history and called for an independent ...
NBC News - Jan. 12
Gov. Newsom says L.A. wildfires could be worst natural disaster in U.S. history: Full interview

California Gov. Gavin Newsom (D) exclusively speaks with NBC News Correspondent Jacob Soboroff as wind-fed wildfires sweep through the Los Angeles area.
NBC News - Jan. 12
Economic loss from California wildfires could reach $52B-57B: Report

Total damage from the devastating wildfires scorching Southern California could amount to between $52 billion and $57 billion in economic losses, according to a new analysis. The estimate, issued ...
The Hill - Jan. 8