According to a new report from the U.S. National Oceanic and Atmospheric Administration, severe weather cost the United States $110 billion in damages in 2012, making it the second most costly year on record. The country suffered 11 weather disasters with losses in excess of $1 billion. Hurricane Sandy accounted for more than half the costs, but heat waves and the Midwest drought contributed, as well. Only 2005, when Hurricanes Katrina and Rita struck the Gulf Coast, cost the country more—$160 billion.
August 12, 2013