Billion-dollar events to affect the U.S. from 1980 to 2019 (CPI-Adjusted)
Disaster
Type
Number of
Events
Percent
Frequency
CPI-Adjusted
Losses
(Billions of Dollars)
Percent of
Total Losses
Average
Event Cost
(Billions of Dollars)
Deaths
Drought 26 10.1% $249.7CI 14.2% $9.6 2,993
Flooding 32 12.4% $146.5§CI 8.3%§ $4.6§ 555
Freeze 9 3.5% $30.5CI 1.7% $3.4 162
Severe Storm 113 43.8% $247.8CI 14.1% $2.2 1,642
Tropical Cyclone 44 17.1% $945.9CI 53.9% $21.5 6,502
Wildfire 17 6.6% $84.9CI 4.8% $5.0 347
Winter Storm 17 6.6% $49.3CI 2.8% $2.9 1,048
All Disasters 258 100.0% $1,754.6CI 100.0% $6.8 13,249

Deaths associated with drought are the result of heat waves. (Not all droughts are accompanied by extreme heat waves.)

§Flooding statistics do not include inland flood damage caused by tropical cyclone events.

The confidence interval (CI) probabilities (75%, 90% and 95%) represent the uncertainty associated with the disaster cost estimates. Monte Carlo simulations were used to produce upper and lower bounds at these confidence levels (Smith and Matthews, 2015).