natural disaster costs News

State Budgets Strained by Natural Disaster Costs

A summer of natural catastrophes, from epic hurricanes to scorching wildfires, has exposed another peril in disaster-prone states: How to pay for the rescues, repairs and rebuilding. The combined tab from Hurricanes Harvey and Irma is expected to hit $200 …

UN Reports Nearly $300B Lost Annually Due to Natural Disasters

The global economic losses from natural disasters like earthquakes, floods, droughts and cyclones and have continued rising to reach an average of $250 billion to $300 billion annually, according to a U.N. report released Wednesday. The report, produced by the …

Missouri Governor Wants $20M for Natural Disaster Costs

Missouri Gov. Jay Nixon’s is proposing $20 million to pay natural disaster costs, mostly stemming from the deadly Joplin tornado. State government expects to spend $15 million this year stemming from the May 2011 tornado in Joplin that killed 161 …