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Hurricane Ida, Europe Floods Made 2021 Costly for Disasters

In this aerial photo, the remains of destroyed homes are seen in the aftermath of Hurricane Ida, Sept. 6, 2021, in Lafitte, La. Damage wrought by Hurricane Ida in the U.S. state of Louisiana and the flash floods that hit Europe last summer have helped make 2021 one of the most expensive years for natural disasters. Reinsurance company Munich Re said Monday, Jan. 10, 2022 that overall economic losses from natural disasters worldwide last year reached $280 billion. (AP Photo/Matt Slocum, file)
In this aerial photo, the remains of destroyed homes are seen in the aftermath of Hurricane Ida, Sept. 6, 2021, in Lafitte, La. Damage wrought by Hurricane Ida in the U.S. state of Louisiana and the flash floods that hit Europe last summer have helped make 2021 one of the most expensive years for natural disasters. Reinsurance company Munich Re said Monday, Jan. 10, 2022 that overall economic losses from natural disasters worldwide last year reached $280 billion. (AP Photo/Matt Slocum, file)
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Berlin (AP) -- Damage wrought by Hurricane Ida in the U.S. state of Louisiana and the flash floods that hit Europe last summer helped make 2021 one of the most expensive years for natural disasters, reinsurance company Munich Re said Monday.

The company's annual report put the overall economic losses from natural disasters worldwide last year at $280 billion, making it the fourth-costliest after 2011, the year a massive earthquake and tsunami struck Japan.