NOAA Slays the Billion-Dollar Disaster Meme
Prof. Roger Pielke Jr.: 'There are no long-term trends in normalized US hurricane losses, North American drought has decreased and there has been no increase in tornado damage (note that thunderstorm damage also includes hail and straightline winds). This alone provides a strong caution to using the NOAA index for purpose of claims about extremes in general'
The National Oceanic and Atmospheric Administration keeps a tally of “billion dollar disasters” which have occurred in the United States. The number of disasters which exceed the billion dollar threshold has increased since 1980. This increase has been often cited as evidence that the climate has become more extreme and is attributable to emissions of carbon dioxide. A new peer-reviewed paper from NOAA pours cold water on both claims.