Severe Storms and Flooding Across Multiple States
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“SEVERE STORMS ACROSS MULTIPLE STATES CAUSE FLASH FLOODS”
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Flash floods cost the U.S. roughly $9 billion in damages every year.
The National Flood Insurance Program, created in 1968, still owes the U.S. Treasury billions — floods are so costly that private insurers largely refused to cover them, prompting federal intervention.
Flooding costs the U.S. over $8 billion in damages every year.
NOAA ranks flooding as the #1 cause of weather-related economic loss in the U.S. The federal flood insurance program (NFIP) carries roughly $1.3 trillion in coverage across nearly 5 million policies.
Flash floods are the costliest weather disaster type in the U.S.!
NOAA data shows flooding causes an average of $8 billion in damages annually in the U.S. — more than tornadoes or hurricanes per event. The Southwest's rocky terrain speeds runoff, making flash floods especially destructive.