Marketplace: In 2012, the U.S. saw 11 disasters that each cost $1 billion or more, the National Oceanic and Atmospheric Association estimates. The key events: Hurricane Sandy and the drought. Each event may end up costing $50 billion or more in losses. The costliest year was 2005, the year of Hurricanes Katrina and Rita. But, costly events are not necessarily the most ferocious. "More and more people, and more and more businesses, are located in harm's way," says Robert Hartwig of the Insurance Information...
URL: http://www.marketplace.org/topics/economy/weather-economy/2012-was-costly-year-severe-weather
Enclosure: http://download.publicradio.org/podcast/marketplace/segments/2012/12/24/marketplace_segment06_20121224_64.mp3
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