5 Most Expensive Natural Disasters
2) Kobe earthquake, Japan
Cost: $100 billion (by the World Bank)
Kobe earthquake, also called as Great Hanshin earthquake shook the southern part of Hyogo Prefecture of Japan on Jan. 17, 1995.One of the most deadly and violent calamity, Kobe earthquake, which was measured at 6. 8 magnitudes resulted in the loss of lives of more than 6,500 people. The disaster badly affected the region of Kobe, the second most populated and industrialized area in Japan and nearly 26, 000 people were injured following the hazard which lasted for duration of 20 seconds.
