The World Bank estimated that Japan's disaster would cost between $100 and $235 billion dollars, and take five years to rebuild. This is worse than the $125 billion cost estimate for…
The 2010-11 Queensland Floods had significant impact on Queensland with their massive economic cost and loss of life. The floods occurred following prolonged periods of heavy rainfall between December 2010 and January 2011. They resulted in much of the state being inundated with water and had a massive impact on many people. These impacts included the deaths of 30 people, 78% of the state being declared a disaster zone, and over $5 billion in reconstruction costs—the most expensive natural disaster in Australia’s history (Queensland Flood…
In all, the storm caused 15 deaths directly, 25 deaths indirectly and $30 billion in property damage, making it the costliest disaster in U.S. History. More than 250,000 people were left homeless; 82,000 businesses were destroyed or damaged; about 100,000 residents of South Dade County permanently left eh area in Andrew’s wake. Andrew also had a serve impact on the environment it damaged 33 percent of the coral reefs at Biscayne National Park, and 90 percent of South Dade’s hammocks.…
Known as one of the worst disasters in the world's history, the Boxing day tsunami took place on December 26, 2004. The tsunami destroyed over 12 different countries and islands, including Sumatra, Indonesia, Malaysia, Thailand, and many more located by the Indian ocean. It had continued trekking countries in the Indian Ocean for over two days and left a devastating mess(Malcolm Moore and Meabh Ritchie). The only good that might have come from this terrible day in history was more knowledge about this disaster and better preparation for more to come.…
In the other hand in Myanmar over 138,000 people have died and over 3.2 million people had became homeless. The economic cost for Katrina is 100 billion dollars. Cyclone Nargis economic cost is about 10 billion dollars. Katrinas economic cost was more because the people of New Orleans had stuff that costed more.…
Never before in the history of the United States, had this nation witnessed and suffered from such a costly and severe hurricane like Katrina, which occurred in August, 2005. This paper, based on secondary research, discusses the influences of Katrina on the American life. In particular, the findings explore and answer three questions of what this hurricane was, how it damaged the most developed country in the world and what responses were given by the authorities and the non-governmental organizations together with the criticisms of the people. Finally, the paper draws conclusion that Katrina remarkably altered the United States; furthermore, this nation must find solutions for the problems inside itself in order to avoid…
The effects of tsunami include damage of properties, the death of humans, serious flooding and diseases.…
In 1989, it cost $6 billion dollars to fix the damaged caused by the Loma Prieta earthquake in California. Many things happen when there an earthquake, not just the ground shaking and people becoming terrified. It affects earth, people and property. Earthquakes can do a lot of damage and I will tell you about the effects from them.…
Many of those things included insurance, airlines, aviation, tourism, and security, loss of jobs, loss of family members, and loss of friends. Insurance lost more than one and a half times greater than the amount it cost from Hurricane Andrew, the largest disaster in terms of loss (Dearden, n.d.).…
Hurricane Sandy is estimated to have caused around $20 billion dollars in damage. Preliminary estimates of losses in businesses are around $50 billion. At least 191 people were killed by hurricane Sandy’s path through 7 different countries.…
This report examines the immediate and continuing economic effects of hurricane Sandy that struck the North Eastern Region of the United States of America, specifically New York, and New Jersey in late October of 2012. Several articles from national and regional news agencies were used to compile the facts pertaining to the economic conditions of the region as well as the implications on the national economy. Studies indicate that the economic effects of hurricane Sandy has caused loses totaling over $50 billion dollars however, there is evidence shown by some studies to be a large amount of positive economic growth and activity that has been generated from the destruction of the storm. This report will analyze the economic trends on a regional as well as national scale and then determine if the damaged caused has provided enough stimulus to out-weigh the negative…
According to Eqecat, Sandy caused $50 billion in economic losses, including property damage, lost business and extra living expenses. The cost to insurance companies could run as low as $10 billion and as high as $20 billion. IHS said Sandy caused about $20 billion in property damages and between $10 billion and $30 billion in lost business. The firm pointed to two reasons that Sandy left a bigger bill than it first thought. Power outages are more widespread than in a typical Category 1 storm, Eqecat said. Sandy knocked out electricity for more homes and businesses than any other storm in history, according to the Department of Energy. Eqecat stated, the lack of subway service in New York City and blocked roadways also pushed the total cost higher. Before the storm hit, Eqecat had estimated that total economic losses from Sandy ranged as high as $20 billion and that losses to insurance companies reached $10 billion.…
Hurricane Katrina was the most dangerous, deadly, and horrifying storm to ever hit United States. Hurricane Katrina was so powerful that it devastated the lives of the people of New Orleans, Louisiana, as well as other Gulf Coast areas. On August 29, 2005 at 8:00 am, Hurricane Katrina reached Category 5 status. The storm hit the city hard and was the lead story on the national media stage for a number of weeks. The city was wiped out and the clean up and renovation of what is left of The City Of New Orleans by Hurricane Katrina is continuing and might not be complete for many years. The storm that developed into Hurricane Katrina was one of the most disturbing natural disasters to hit the mainland United States. Its wind strength and power…
The effects of the blast were equivalent to over 5,000 pounds of TNT and were felt up to 55 miles away. The explosion was estimated to have caused at least $652 million worth of damage.…
Even though the earthquake was pretty bad itself, the fires that happened after the earthquake caused the most damage. The fires had burned for four days; some say it was caused by broken gas lines. Since the water remains had broken, trying to put the fires out was almost impossible to do, Because of it, five hundred city blocks were destroyed. But the damages had been estimated to about four-hundred million dollars just to be fixed. It would be actually 8.2…
