On the recordApril 10, 2013
Absolutely. Those 11 weather disasters last year cost us over $60 billion. It's also creating uncertainty in agriculture and in the business of insurance where it's more difficult for them to be able to calculate what they're doing. It places more burden on the Federal Government because in many cases there aren't private alternatives available. That's why we had to create flood insurance. You're touching on an area that has profound economic consequences because of this environmental instability.
Source
govinfo.gov
