Natural Disasters Could Cost Tens Of Billions In Economic Losses

The Huffington Post News Editors, Huffington Post
Thu, 05/19/2011 - 4:12pm

This year’s record-breaking tornadoes, floods, droughts and wildfires will cost the country tens of billions of dollars in economic losses -- and these estimates are expected to climb as the Mississippi flooding and severe drought in Texas continue into the summer.Economists disagree about the precise figures -- with the estimates varying by billions -- but most agree that $10-15 billion in losses are conservative calculations.

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