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Weather Disasters Cost the Nation $110 Billion in 2012

Weather disasters in the U.S. cost $110 billion in 2012, making it the second-costliest year on record after 2005, the year of Hurricane Katrina, according to the National Climatic Data Center (NCDC)...
June 26, 2013

Weather disasters in the U.S. cost $110 billion in 2012, making it the second-costliest year on record after 2005, the year of Hurricane Katrina, according to the National Climatic Data Center (NCDC). The NCDC reports that last year there were 11 weather and climate events with losses exceeding $1 billion each. The previous year saw a record 14 separate billion dollar disasters. NCDC climate scientist Adam Smith said, “We experienced historic tornado outbreaks and large-scale flooding in 2011; crippling drought and heat waves in both 2011 and 2012; and, of course, tropical cyclones Irene and Sandy damaging the Northeast. This is all compounded by the growing amount of property that exists in harm’s way.”

Hurricane Sandy was the deadliest and most expensive disaster of 2012, causing more than 130 fatalities and costing about $65 billion. Roger Pielke, University of Colorado professor of environmental studies, however, said that the $1 billion threshold “has very little, if any, scientific or economic merit” because there is more (and more valuable) property and belongings at risk.

Weather Disasters Cost $110 Billion in 2012 (USA Today 6/13/13)

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