natural disaster
Japan disaster is probably costliest in historyPosted by RJ and Makay on Mar 25, 2011 |
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$309 billion. That's the latest estimate by the government of Japan on the cost of the March 11 earthquake and tsunami that devastated the northeastern part of the country.
If the estimate proves correct, the incident in Japan will be by far the most expensive natural disaster in history. Hurricane Katrina, by comparison, which ravaged the New Orleans area in 2005, cost $125 billion, according to the Insurance Information Institute.
