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2012 was 2nd Most Expensive Disaster Year-- $110 Billion in Damages
June 21, 2013
The U.S. National Climatic Data Center’s (NCDC) announced that according to their 2012 weather and climate disasters information, 2012 saw 11 weather and climate disaster events each with losses exceeding $1 billion in damages. This makes 2012 the second costliest year since 1980, with a total of more than $110 billion in damages throughout the year. The 2012 total damages rank only behind 2005, which incurred $160 billion in damages due in part to four devastating land-falling hurricanes.