5 Most Expensive Natural Disasters

Bangalore: Natural disasters can occur at the least expected time wiping away entire cities and the lives of millions. The damage caused by these hazards is immeasurable, but a calculation of the financial toll of such disasters will give us an insight into the impact of such dangerous events. Let us have a look at some of the most expensive natural disasters of the world-

1) Earthquake and tsunami, Japan

Cost: $235 billion (by the World Bank)

The world witnessed the most expensive and shocking natural disaster in history on March 11, 2011 when an earthquake of 9.0-magnitude struck off the coast near Sendai in Japan. The earthquake and the resulting Tsunami took away the lives of nearly 10, 000 people and the number of people missing were estimated to be around 13,262.While the World Bank said that the cost of damage is around $235 billion, the Japan government approximated it be around $309 billion. The collapsing of the Japan economy made everyone raise the question- How long will it take Japan to recover from the earthquake and the tsunami?