The aim here is to list out ten of the most expensive accidents that have taken place over the years. The lives that have been lost are undoubtedly priceless and cannot be measured in monetary terms.
This is considered to be the most expensive accident in history. This disaster was the biggest catastrophe in socio-economic terms as half of the Ukrainian area was contaminated. About 1.7 million people were affected and 200,000 had to leave the area. The overall cost is estimated at $200 billion.
The wing of the Space Shuttle Columbia was damaged after which it was destroyed. The shuttle cost $6.3 billion and the investigation cost was estimated at $500 million. Additional costs were estimated at $300 million. The overall cost was $13 billion.
The Prestige oil tanker, in 2002, was carrying heavy fuel during a storm in Spain. One of the tanks burst and the captain asked for help multiple times but nobody followed his instructions. Naturally, the storm destroyed the ship and the tanker split after which 20 million gallons of oil was released into the sea. The cleanup cost was estimated at $12 billion.
Because of a faulty O-ring, the Space Shuttle Challenger took a mere 73 seconds to deteriorate. One joint was not sealed because of which the gas reached outside. The external tank then released liquid hydrogen, resulting in an explosion. The replacement costs were $4.5 billion and other costs were estimated at $1 billion.
In 1988, a few technicians were carrying out a routine check of the valves and 100 valves were supposed to be replaced. However, they forgot to check one. The same night, one of them pushed a button which was attached to the liquid gas pump. What followed was the costliest oil rig accident in history. The entire platform burst into flames and collapsed. Over 150 workers died and the damages were estimated at $3.4 billion.
Even though this oil spill does not feature on the list of the largest oil spills in history, it was definitely the most expensive one. This is because the Prince William Sound is located in an extremely remote area. The ship’s master did not pay attention to the controls which caused the ship to crash. The cumulative clean up cost is estimated at $2.5 million.
This stealth bomber took off from Guam in 2008 and crashed shortly after. According to investigations, the data in the computers was distorted. The aircraft then moved up which caused it to stall and consequently crash. The losses accumulated to $1.4 Billion.
This accident took place during September 2008 and is considered to be the worst train accident in California. A freight train and the commuter train crashed into each other, resulting in the death of 25 people. The losses amounted to $500 million.
In 2004, a tanker trunk and a car had an accident. The truck was carrying over 30,000 liters of fuel in Germany on the Wiehltal Bridge. The truck fell 90 feet, resulting in an explosion which ultimately destroyed the bridge. Repairs were estimated at $40 million whereas the replacement cost was $318 million.
The Titanic sank during 1912 and the accident is said to be the most famous ones till date. The ship was considered to be the most luxurious of its time. When an iceberg hit the Titanic, the ship split in half and about 1,500 people died. $150 million were lost to the oceans.
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