Photograph showing the damage to houses and trees in Washington following the 11/17/2013 tornado. Photo courtesy of Mrluckypants via Wikimedia Commons One of the indicators that climate alarmists use to push the climate crisis narrative is the increasing cost of storms. The logic appears straightforward: a storm that did $10 million in damage must be more severe than one that did $1 million in damage, and since storms cost less money in the past, they claim this proves that storms are getting more severe. They also set dollar thresholds for severe storms, and since more storms exceed this dollar threshold, they claim that severe storms are occurring more frequently. However, this reasoning fundamentally misunderstands the economic factors driving storm damage costs. According to data from…
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