The global cost of natural disasters

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The list of extreme weather- and natural disaster-related costs continues to grow this year. CBS News national environmental correspondent David Schechter breaks down the multibillion-dollar price tag of natural disasters.

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16 Comments

  1. Floods,homeless, Fires,Earthquake's, Sinkhole's, sewers, etc. I'm looking EVERDAY! We Will NOT KNOW THE UNKNOWN! Thank You for the People that check,monitors, and the people that FLY into the hurricane's & Storms! I've Never have seen or saw how the weather can CHANGE! Thank YOU! crying……❤❤❤❤🎉🎉🎉🎉

  2. If you're reading this comment than God loves you.

    Repent Before He Comes

    The trumpet soon will shake the sky,
    The hour is late, the end is nigh.
    Repent, believe—forsake your sin,
    Let Christ’s new life begin within.

    The world will fade, its pleasures lie,
    But Jesus lives—He’s drawing nigh.
    So turn to Him, delay no more,
    Before He knocks and shuts the door.

  3. meanwhile the Republican Party is making climate change even worse. hell-bent on creating hell, thinking they're going to go off to heaven. when instead they will be reincarnated right back here on this planet because of their actions. God always has the last laugh.

  4. CORRUPTED PEOPLE BOOMERS, THAT DON'T MIND LYING BECAUSE THE SPIFFS THEY GET, AND EGO BOOSTS FOR COMPLETE AND ABJECT FAILURE TO THE AMERICAN PUBLIC.

  5. When David Shuster says “it’s climate change—that’s the headline,” he’s not just reporting on disasters—he’s naming a systemic failure. $131 billion in losses in just six months of 2025. $80 billion insured. And now, insurance companies are fleeing high-risk states like California and Florida—not because they’re alarmist, but because the math no longer works.

    This is what it looks like when the fiscal immune system breaks down.

    The Dignity Compact rewires that system at the constitutional level:

    Amendment 28 ties the minimum wage in every ZIP code to local median rent—ensuring no full-time worker pays more than 30 percent of their income on housing. This isn’t symbolic. It’s an enforceable wage floor, indexed to rent, that adapts in real time to local conditions—including climate migration. If a household is displaced by fire, flood, or drought, they retain the right to relocate and earn at the new 3RPI threshold in their new ZIP code. As detailed in the peer-reviewed framework (DOI: 10.14254/jems.2024.9-2.8), this creates a mobility-secure labor market—essential in a century defined by relocation.

    Amendment 29 ensures veterans, often first on the ground during disaster response, are paid no less than 80 percent of the local civilian median wage and receive guaranteed access to housing, childcare, and reintegration support.

    Amendment 30 introduces the National Recovery Levy—a progressive, debt-scaled tax on income and capital gains above the median. It auto-adjusts with federal debt ratios, pauses in recessions, and escalates during wartime. Its singular purpose: to stabilize and reduce the national debt so we can invest in resilience without gutting essential services.

    The Compact doesn’t treat climate catastrophe as an aberration. It assumes it. And it builds fiscal architecture that adapts accordingly—anchoring recovery, securing migration, and balancing the books without sacrificing the vulnerable.

    This isn’t a spending plan. It’s a survival plan. One the Constitution has never seen before.

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