Report: Natural Disasters Caused $110B in U.S. Damage Last Year

The natural catastrophes that hit the U.S. last year resulted in $110 billion in damage, making 2012 the second-costliest year since 1980 for such disasters, according to a report from the National Climate Data Center. Hurricane Sandy, drought, Midwest tornadoes and a "derecho" storm were among last year's 11 major weather-related events that caused at least $1 billion apiece in damages.