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Pinkerton Analysis | Hurricanes Are a Growing Threat
The National Oceanic & Atmospheric Administration indicates that the U.S. has been hit with 246 natural disasters that cost more than a billion dollars each since 1980. The top five years in terms of the frequency of billion dollar events have all occurred since 2008. Due to the cost three hurricanes - Harvey, Irma and Maria, 2017 ranks first amongst the most costly years. This trio caused damages totaling $268 billion, and comprised more than 30 percent of the damage since 1980.