$1,000,000,000 dollars. It is a huge amount of money and extreme weather events that cause this scale of damage should be rare. But there were 20 such event in the USA in 2021, well over the inflation adjusted average of 7.7/year.
By studying these events the NCEI is better able to put into historical context extreme weather – and Climatility can show how they impact you.
https://www.ncei.noaa.gov/access/monitoring/dyk/billions-calculations
“Billion-Dollar Disasters: Calculating the Costs, 7 things to know about NCEI’s U.S. Billion-Dollar Disasters data. Drought, floods, freezing temperatures, severe storms, tropical cyclones, wildfires, winter storms—every year since 1980….”

