On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks to Adam Smith, applied climatologist at the National Oceanic and Atmospheric Administration about billion-dollar climate and weather disasters.
The podcast begins with Adam explaining his job with NOAA.
Adam provides an overview of the findings from NOAA’s billion-dollar climate and weather disasters report released on 9 January 2024.
Adam discusses the methodology used to create the report and emerging trends.
Adam discusses the time required for post-disaster recovery.
Adam then turns the conversation to explaining how the size of a municipality affects recovery dynamics.
Adam concludes the podcast by discussing the consequences on the property and car insurance markets due to the frequency and intensity of these billion-dollar disasters.
