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2023 Saw Least Impactful Hurricane Season In Nearly A Decade

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The 2023 hurricane season reportedly caused between $3-$4 billion in damage, making it the quietest season since 2015 due to El Niño weather patterns.

Hurricane Idalia was the most impactful cyclone, causing over 80% of the season’s damage.

“According to NOAA, a significant landfalling hurricane produces an average damage cost of around $22.8 billion, which is around 5 to 6 times the total damage valuation from the 2023 hurricane season,” the report noted.

“The 2017 hurricane season produced an astonishing $300 billion in damage and ranks as the costliest tropical cyclone season on record,” the report added.

The 2024 hurricane season is expected to be more active due to the collapse of the El Niño event.

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