Methodological rigor and conservative estimates
The billion-dollar catastrophe dataset, now managed by Local weather Central after a transition from NOAA’s Nationwide Facilities for Environmental Data (NCEI), is constructed on a peer-reviewed methodology. The evaluation attracts from greater than a dozen private and non-private sources, together with FEMA, the USDA, the Nationwide Interagency Hearth Middle, and insurance coverage trade knowledge. The methodology has been refined to handle potential biases, however the present strategy continues to be believed to underestimate common losses by 10–15%. Consequently, the reported figures must be thought of conservative.
