Economic Value of Hurricane Forecasts

Guest: Dr. Renato Molina, University of MiamiEvery year, hurricanes threaten lives, infrastructure, and the economies of coastal communities—but what if better forecasting could actually save billions of dollars? Turns out, it already has! But how can we put a dollar value on something as complex as a weather forecast? Today on Weather Geeks, we’re joined by Dr. Renato Molina of the University of Miami, who has dived deep into the economic impact of improved hurricane forecasts. From the costs of misjudged wind speeds to the hidden value of getting the forecast right, his research shows just how powerful—and expensive—information can be when a hurricane is on the horizon.Chapters00:00 The Economic Impact of Hurricane Forecasting07:10 Understanding Forecast Accuracy and Economic Value13:25 Protective Spending and Recovery Costs20:08 Quantifying the Value of Forecast Improvements29:56 Connecting Research to Policy and IndustrySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.