With a variety of environmental events affecting the wide stretch of the United States, each state is subject to its own risks. Particularly, tornadoes, wildfires, hurricanes, flooding, landslides, lightning and drought, among other events, can cause damage to buildings, agriculture and individuals alike. When considering insurance, residents and business owners in each state should account for historic and projected losses due to environmental events in their financial plans.
With this in mind, SmartAsset set out to determine which states are most at financial risk due to various weather events. States were ranked by the total expected annual financial losses per person across all major environmental events according to the latest data from the Federal Emergency Management Agency (FEMA).
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