There were a total of 20 climate disasters that led to losses that totaled approximately $1 billion in the United States, according to the U.S. National Oceanic and Atmospheric Administration. And of those disasters, one out of every ten homes has been affected by such natural disasters, as revealed by a study that was conducted by the property research organization, CoreLogic.

This would amount to a total of 14.5 million homes, which is approximately $57 billion in property damage.

"By leveraging granular data for the increasing frequency and severity of catastrophes, we are able to see that more than 14.5 million homes were impacted to some degree by natural hazards in 2021. That's about 1 in every 10 homes in the United States," Tom Larsen, CoreLogic's principal, Industry Solutions, said in a statement. "Insurers and lenders can leverage the latest technologies and work cross-functionally to better understand this risk, protect homeowners and enable faster recovery times."

The most severe of natural disasters, winter storms, occurred in the middle of the country, impacting over 12.7 million homes, and led to $15 billion worth of property damage, revealed CoreLogic.

Some suggestions that CoreLogic has made for homes in the winter are stronger insulation for walls and ceilings, higher window standards, and the diminishing of pipe exposure. Next in line for severity of natural disasters that hit homes is the hurricane, which led to over $33 billion worth of property damage in the year 2021. After that comes wildfires, which typically lead to $1.5 billion worth of property damage. Dry weather conditions and cases of extreme heat cause an increased amount of wildfires as each year passes. In 2021, the Dixie Fire was the second biggest wildfire ever recorded in the state of California, burning down almost one million acres.

The severity of natural disasters is only growing with time, thus highlighting the significance for insurers, mortgage, and financial professionals to better anticipate technology as well as to more strongly prepare for the severity of these natural disasters.