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Reply to: Improving normalized hurricane damages

Nature Sustainability volume 3, page 519 (2020)Cite this article

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The Original Article was published on 08 June 2020

replying to A. B. Martinez Nature Sustainability https://doi.org/10.1038/s41893-020-0550-5 (2020)

We welcome the work of Martinez1, seeking to extend and improve the continental US hurricane loss normalizations of our paper2. There are of course many legitimate approaches to normalizing historical loss data to a common base year. In principle, the proposal by Martinez to add an additional factor accounting for changes in building costs makes logical sense. And we agree that the effectiveness of any such modification to a normalization can be evaluated quantitatively by comparing with an independent climatological record.

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References

  1. Martinez, A. B. Improving normalized hurricane damages. Nat. Sustain. https://doi.org/10.1038/s41893-020-0550-5 (2020).

  2. Weinkle, J. et al. Normalized hurricane damage in the continental United States 1900–2017. Nat. Sustain. 1, 808–813 (2018).

  3. Shiller, R. J. Irrational Exuberance 3rd edn (Princeton Univ. Press, 2015).

  4. Nagaraja, C. H., Brown, L. D. & Wachter, S. M. House Price Index Methodology (Univ. Pennsylvania, 2010); https://repository.upenn.edu/statistics_papers/145

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Author information

Authors and Affiliations

  1. University of Colorado Boulder, Boulder, CO, USA

    R. Pielke Jr

  2. Climate Index Working Group, Casualty Actuarial Society, Harpswell, ME, USA

    D. Collins

  3. Risk Frontiers, St Leonards, New South Wales, Australia

    R. Crompton

  4. Colorado State University, Fort Collins, CO, USA

    P. Klotzbach

  5. FB Alliance Insurance, Schaumburg, IL, USA

    R. Musulin

  6. University of North Carolina Wilmington, Wilmington, NC, USA

    J. Weinkle

Authors
  1. R. Pielke Jr
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  2. D. Collins
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  3. R. Crompton
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  4. P. Klotzbach
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  5. R. Musulin
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  6. J. Weinkle
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Contributions

All authors contributed to the preparation of this letter, led by R.P.

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Correspondence to R. Pielke Jr.

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The authors declare no competing interests.

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Pielke, R., Collins, D., Crompton, R. et al. Reply to: Improving normalized hurricane damages. Nat Sustain 3, 519 (2020). https://doi.org/10.1038/s41893-020-0551-4

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