Flood Lessons Learned from the 2020 Hurricane Season

The grim statistical tally of the 2020 Atlantic hurricane season highlighted a dramatic year, one that saw the most active such season in recorded history.

Last year, there were 30 named storms and 13 hurricanes, of which six were major hurricanes of Category 3 or higher on the Saffir-Simpson scale. Students of Greek linguistics were I’m sure thrilled, but the rest of us tired of seeing another Greek alphabet storm appear in the tropics, running all the way through Iota in mid-November.

Of the 13 hurricanes, a record 12 made landfall in the U.S., versus a historical average of 1.75 per year. As a point of reference, in the entire decade of 1971-1980, there were 12 landfall hurricanes. Total damage from the 12 that hit the U.S. in 2020 is estimated to be between $35 billion and $40 billion.

There are several lessons to be learned from the 2020 season that can help guide our actions in future years:

What the Future Holds

As was the case in 2020, just because it should be over doesn’t mean it’s really over. Since 1966, 45 named storms have formed in December, and in 2005 there was one in late December. The trends indicate a strong potential of continued flood risk in 2021 and beyond, and reinforce the point that a historical flood zone or perception of flood risk are not good indicators of future risk.

The good news is that municipalities, states, insurance regulators, and even tangential industries such as real estate and banking are increasingly aware of flood risk. Flood insurance is easier to purchase than ever before, thanks to digital platforms. A 2020 FEMA report identifies an average of $1.5 billion in loss damages averted by the establishment and enforcement of new building codes in states like Florida, Texas, California, South Carolina,and others. Homeowners have a range of options to mitigate their potential losses by flood-proofing their homes.

A concerted effort of education, responsible and careful regulation, mitigation, and insurance industry product diversity is required to improve the current situation and assure a higher level of protection and coverage for U.S. homes and businesses.

As 2020 made very clear, the risk is not going away.