Top 10 Most Expensive Accidents in History

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Space Shuttle Challenger Explosion

In this Article, We Share the list of the Top 10 Most Expensive Accidents in History. Don’t Waste time Let’s Start!!!!

Top 10 Most Expensive Accidents in History

Over the years, humans always have been at danger of accidents. We’ve listed the top 10 most expensive incidents that have occurred during the history of humankind. The costliest cost of accidents is the risk of injury or death. Human life is worth more than the value of money. However, losses to property are devastating and devastation for businesses. What are the top 10 expensive events throughout the course of mankind in terms of the loss of dollars and property?

1. Chernobyl, 1986 ($200 Billion).

Chernobyl

On the 26th of April in 1986, the world witnessed the biggest and most expensive incident ever recorded in history. The Chernobyl disaster is widely regarded to be the most significant nuclear power plant disaster ever recorded in planet, being classified by the International Nuclear Event Scale as a seven-event event in the 7th level, the most prestigious category in the International Nuclear Event Scale. The root of Chernobyl’s accident was officially attributed to the plant’s owners who had violated the rules of the plant and didn’t know the safety requirements that were required. Chernobyl incident was thought to be the most devastating socioeconomic disaster in the history of mankind. A large part of Ukraine is affected and affected by the contamination. There are around 200,000 people that need to be evacuated and relocated. and 1.7 million who are directly affected due to the crisis. The deaths of those who died can be attributed to Chernobyl includes those who passed to cancer after waiting for a long time, about 125,000. It’s impossible to estimate precisely how much Chernobyl, the world’s most catastrophic nuclear catastrophe will cost. $200 billion is believed as a fairly conservative estimate. This covers transmigration, cleaning and the expense of compensating the victims. The price for a brand-new steel structure that will protect from the Chernobyl nuclear power station is around $2 billion at first. War, for instance or terrorism and natural disasters aren’t considered to be incidents and therefore not in this list.

2. Space Shuttle Columbia Explosion, 2003 ($13 Billion).

Space Shuttle Columbia Explosion, 2003 ($13 Billion)

Space Shuttle Columbia Space Shuttle Columbia was the first space-worthy shuttle of NASA’s orbital fleet. Columbia was destroyed in its return to Texas in February 2003 as a result of an explosion caused by an opening in its wings which occurred during the 16 days prior to the launch. All the crew members were damaged. The total cost from incident accident (does exclude the replacement of round-trip transport) is estimated to be 13 billion dollars in accordance with the American Institute of Aeronautics and Astronotika Sciences.

3. Prestige Oil Spill, 2002 ($12 Billion).

Prestige Oil Spill, 2002

The Prestige oil spill that caused an oil leak was discovered in the water of Galicia caused by the sinking of an oil tanker. On the 13th of November 2002 The Prestige Oil Tanker ship carried 77,000 tonnes of fuel oil. One of 12 tankers went down during a hurricane that struck Galicia, Spain. The Spanish, Portugese and French governments are refusing to let the damaged dock. The tanker is eventually divided in two and releases 20 million barrels of oil into the ocean. According to a report by the Council of Pontevedra Economist, the cost of cleaning up the spill is around 12 billion dollars.

4. Space Shuttle Challenger Explosion, 1986 ($5.5 Billion).

Space Shuttle Challenger Explosion

Space Shuttle Challenger explosion Space Shuttle Challenger explosion took place on January 28 1986. That was the day the Space Shuttle Challenger disintegrated in just 73 seconds during the flight, leading to seven people dying from the crew. The reason for the explosion was an O-ring flaw. It was unable to stop one joint which allows air to get into the joint. Pressure was enough to cause the tank’s external side to release hydrogen liquid to leak, leading to the most devastating accident. The cost for the replacement of the Space Shuttle was $2 billion $4.5 billion in dollars at the time of writing. The cost of investigation repairs to issues and replacement of the equipment was $450 million. This was the amount between 1986 and 1 billion dollars in the present.

5. Piper Alpha Oil Rig, 1988 ($3.4 Billion).

Piper Alpha Oil Rig

The Piper Alpha accident close to the coast of Aberdeen is the most fatal oil rig accident. In the present, Piper Alpha Oil is the biggest oil producer worldwide due to its capacity to capable of producing 317,000 barrels of oil per day. On the 6th July 1988, in line with regular maintenance procedures, technicians took off and examined safety valves which are crucial to stop the build-up gases in the liquid. They found 100 valves examined. However, the technician didn’t realize this and decided to alter one. At 10 pm that same night an engineer was pushing the button to switch the most expensive as well as liquid fuel pumps across the globe, and started the harrowing incident. In less than two hours the 300-foot platform was completely destroyed by fires. The structure then collapsed to the point of killing more than 167 workers. The damage to the property was $3.4 Billion in damages.

6. Exxon Valdez oil spill, 1989 ($2.5 Billion).

Exxon Valdez oil spill

The Exxon Valdez oil spill occurred in Prince William Sound, Alaska on the 24th day of March 1989. One tanker, Exxon Valdez sank and released 11 million gallons of oil and polluted the waters and spread out until it into in the Gulf of Alaska. It is considered to be among nature’s most devastating environmental disasters that humans have caused. The damage was staggering. Cleaning took $2.5 billion.

7. B-2 Bomber Crash, 2008 ($1.4 Billion).

B-2 Bomber Crash

The most expensive aviation accident ever. The 23rd of February, 2008 the B2 Stealth bomber was smashed into the runway following leaving Andersen Air Force Base in Guam. The investigation found that there was a mistake in the computer’s control over the system for data. The aircraft abruptly veered away from the path, which caused it to crash and strike the B2. Fortunately, the pilot escaped. It was the only crash of the 21 aircrafts ever constructed and also the most expensive aviation accident ever.

8. Chatsworth Train Collision, 2008 ($500 Million).

Chatsworth Train Collision

Chatsworth train accident Chatsworth train accident was a tragic accident that occurred on September 12, 2008 when the Union Pacific freight train and the Metro link commuter train collided head-on in the Chatsworth district of Los Angeles, California. It was one of the most fatal train accidents that have occurred in California history. There were 25 victims killed. The incident occurred due to the Metrolink train that did not pay attention to the orange signal while train operators were busy making other messages. This fatal mistake led to Metrolink losses of 500 million dollars.

9. Tanker Truck Explodes on Wiehltal Bridge, 2004 ($358 Million).

Tanker Truck Explodes on Wiehltal Bridge

On the 26th day of August 2004 a tanker truck that was carrying three thousand liters gasoline collides with one of the cars on the Wiehltal Bridge in Germany. The truck is smashed into the guardrail and is then thrown 90 feet to the A4 Autobahn. The resultant explosion destroys the bridge. Repairs to the bridge’s temporary damage were $40 million. The cost of replacing the bridge was estimated at $318 million. It was, without doubt the most expensive accident to be recorded ever in Germany. Federal Republic of Germany.

10. Sinking of The Titanic, 1912 ($150 Million).

Sinking of The Titanic

Titanic is possibly the most popular historical event that has ever happened in. The Titanic was lost in its first voyage between Southampton, United Kingdom to New York City, United States after it struck an Iceberg on 15th April 1912. Sinking Titanic resulted in the deaths of more than 1,500 people as part of one of the most deadly maritime catastrophes that took place during peacetime. It is considered to be an ocean vessel that was among the most lavish ships ever built. Titanic was a luxurious ocean vessel. Titanic was constructed at the cost of $7 million to in construction. This amounts to $150 million in dollars today.

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