This year has been an unprecedented one for natural disasters. By the end of June, economic losses totaled $265 billion, according to German reinsurer Munich Re. That easily exceeds the total figure for 2005, which was previously the costliest year.
Jan. 10, 2011Flooding in Australia in January of 2011 led to $7.3 billion in losses. In February, the country was hit by its biggest cyclone in history. This image shows floodwaters swamping a shopping center as flash floods inundate the city of Toowoomba. Nicole Alayne Hammermeister/AFP/Getty Images