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The Graphic Truth: Billion-Dollar Disasters Have Become More Common

Summary by GZERO Media
In addition to the devastating human toll of last weekend’s Texas floods, which have so far taken the lives of at least 100 people – including dozens of children – initial estimates put the economic damage to people’s homes, businesses, and public infrastructure at upwards of $18 billion. The number of US weather and climate-related disasters that have inflicted at least $1 billion worth of damage has in fact grown significantly over the past tw…

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The deluge that Texas suffered last week is classified as one of the most deadly and costly flash floods in U.S. history, highlighting the growing threat to communities that are not prepared for extreme rains. It is too early to know the exact balance of the floods in Texas. However, a preliminary estimate by AccuWeather puts total damage and economic losses between $18 billion and $22 billion, a figure that includes direct and indirect impacts,…

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In a preliminary report, Aquiweather, a specialist in weather forecasting services, announced that the deadly floods that caused extensive damage in parts of Texas America would cause economic damage and losses of a total value of $18 to $22 billion. This value includes the costs of insurance claims, together with the anticipated research, repairs, and overall clean-up efforts, and the prolonged impact on tourism in the region.

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GZERO Media broke the news in on Tuesday, July 8, 2025.
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