NY Times: "For all the damage wrought by Sandy and Katrina, weather disasters in recent years have cost us probably less than a tenth of 1 percent of our economic product"

In Energy Taxes, Tools to Help Tackle Climate Change - NYTimes.com

For all the damage wrought by Sandy and Katrina, weather disasters in recent years have cost us probably less than a tenth of 1 percent of our economic product.
...
“Farmers would be deeply affected by an energy tax,” Ms. Johnson said.

As things stand for them, it is probably cheaper to deal with the occasional drought.  [Via Junk Science]