The $100 Billion Hurricane

Think a $100 billion hurricane can’t happen; think again. It already has. The Hurricane of 1821 has been analyzed by the re-insurance company Swiss Re. A re-insurance company insures insurance companies. They took at closer look at available information from the 1821 storm and determined that if it were to hit today, it would cause $100 billion in losses. Full report here, which they have just called, The Big One. 

Mind you folks, this is not  some meteorological fantasy; mother nature has already dished this one up for real. The reasons it would cause $100 billion in losses now are a combination of:

  • Much increased population since 1821
  • Much more development along the coast since 1821
  • Higher sea levels, approx 2 feet higher

Get the short version from a WNYC radio report here by Ilya Marritz.

Oh and when we were on the Swiss Re website, we noticed they have a whole tab devoted to Re Thinking.  Guess what most of that is about? Just sayin!

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