28 August 2016, climate News Network, US faces rising hurricane bill. Scientists forecast that hurricane damage could increase dramatically in the US as high-income countries are also threatened by extreme weather events. German scientists have just issued a financial weather forecast that in a world of unmitigated climate change, the financial losses for the US per hurricane could triple, and annual losses due to hurricanes could rise eightfold. And, they calculate that however vigorous the US economy, its growth cannot outpace the projected rising costs of hurricane damage in the decades ahead. More than half of all weather-related economic losses around the globe are caused by damage due to tropical cyclones, hurricanes or typhoons, and the lessons of new research in Environmental Research Letters journal is that high-income countries may be no better protected than the poorest in this respect. Read More here