5 Most Expensive Natural Disasters

4) Northridge earthquake, California, U.S.

Cost: $42 billion (by NOAA)

The Northridge earthquake which occurred on Jan 17, 1994 resulted in a massive and critical damage throughout Los Angeles and the San Fernando Valley. The earthquake which had a magnitude of 6.9, lasted for duration of about 10-20 seconds and caused the death of more than 60 people and 5,000 were injured. According to a report by the Federal Emergency Management Agency around 25,000 people became homeless.