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22-10 Most Expensive Accidents in the History
Throughout history, humans have always been prone to accidents. Some,
such as the exotic car crashes seen on this page, can be very expensive.
But that's trivial compared to the truly expensive accidents. An accident
is defined as "an undesirable or unfortunate happening that occurs
unintentionally and usually results in harm, injury, damage, or loss".
Our aim is to list the top 10 most expensive accidents in the hstory of
the world as measured in dollars. This includes property damage and expenses
incurred related to the accident such as cleanup and industry losses. Many
of these accidents involve casualties which obviously cannot be measured in
dollar terms. Each life lost is priceless and is not factored into the equation.
Deliberate actions such as war or terrorism and natural disasters do not
qualify as accidents and therefore are not included in this list.
10. Titanic $150 Million
The sinking of the Titanic is possibly the most famous accident in the world.
But it barely makes our list of top 10 most expensive. On April 15, 1912, the
Titanic sank on its maiden voyage and was considered to be the most luxurious
ocean liner ever built. Over 1,500 people lost their lives when the ship ran
into an iceberg and sunk in frigid waters. The ship cost $7 million to build
($150 million in today's dollars).
9. Tanker Truck vs Bridge - $358 Million
On August 26, 2004, a car collided with a tanker truck containing 32,000
liters of fuel on the Wiehltal Bridge in Germany. The tanker crashed through
the guardrail and fell 90 feet off the A4 Autobahn resulting in a huge explosion
and fire which destroyed the load-bearing ability of the bridge. Temporary
repairs cost $40 million and the cost to replace the bridge is estimated at
$318 Million.
8. MetroLink Crash $500 Million
On September 12, 2008, in what was one of the worst train crashes in California
history, 25 people were killed when a Metrolink commuter train crashed head-on
into a Union Pacific freight train in Los Angeles. It is thought that the Metrolink
train may have run through a red signal while the conductor was busy text messaging.
Wrongful death lawsuits are expected to cause $500 million in losses for Metrolink.
7. B-2 Bomber Crash $1.4 Billion
Here we have our first billion dollar accident (and we're only #7 on the list).
This B-2 stealth bomber crashed shortly after taking off from an air base in
Guam on February 23, 2008. Investigators blamed distorted data in the flight
control computers caused by moisture in the system. This resulted in the
aircraft making a sudden nose-up move which made the B-2 stall and crash. This
was 1 of only 21 ever built and was the most expensive aviation accident in
history. Both pilots were able to eject to safety.The crash was captured on
video. It shows one B-2 Bomber successfully taking off followed by the B-2
Bomber which crashes. The crash starts at 2:00
6. Exxon Valdez - $2.5 Billion
The Exxon Valdez oil spill was not a large one in relation to the world's
biggest oil spills, but it was a costly one due to the remote location of
Prince William Sound (accessible only by helicopter and boat). On March
24, 1989, 10.8 million gallons of oil was spilled when the ship's master,
Joseph Hazelwood, left the controls and the ship crashed into a Reef. The
cleanup cost Exxon $2.5 billion.
5. Piper Alpha Oil Rig - $3.4 Billion
The world's worst off-shore oil disaster. At one time, it was the world's
single largest oil producer, spewing out 317,000 barrels of oil per day..
On July 6, 1988, as part of routine maintenance, technicians removed and
checked safety valves which were essential in preventing dangerous build-up
of liquid gas. There were 100 identical safety valves which were checked.
Unfortunately, the technicians made a mistake and forgot to replace one of
them. At 10 PM that same night, a technician pressed a start button for
the liquid gas pumps and the world's most expensive oil rig accident was
set in motion. Within 2 hours, the 300 foot platform was engulfed in flames.
It eventually collapsed, killing 167 workers and resulting in $3.4 Billion
in damages.
4. Challenger Explosion - $5.5 Billion
The Space Shuttle Challenger was destroyed 73 seconds after takeoff due
on January 28, 1986 due to a faulty O-ring. It failed to seal one of the
joints, allowing pressurized gas to reach the outside. This in turn caused
the external tank to dump its payload of liquid hydrogen causing a massive
explosion. The cost of replacing the Space Shuttle was $2 billion in 1986
($4.5 billion in today's dollars). The cost of investigation, problem
correction, and replacement of lost equipment cost $450 million from 1986-1987
($1 Billion in today's dollars).
3. Prestige Oil Spill $12 Billion
On November 13, 2002, the Prestige oil tanker was carrying 77,000 tons of
heavy fuel oil when one of its twelve tanks burst during a storm off Galicia,
Spain. Fearing that the ship would sink, the captain called for help from
Spanish rescue workers, expecting them to take the ship into harbour. However,
pressure from local authorities forced the captain to steer the ship away
from the coast. The captain tried to get help from the French and Portuguese
authorities, but they too ordered the ship away from their shores. The storm
eventually took its toll on the ship resulting in the tanker splitting in half
and releasing 20 million gallons oil into the sea. >According to a report
by the Pontevedra Economist Board, the total cleanup cost $12 billion.
2. Space Shuttle Columbia - $13 Billion
The Space Shuttle Columbia was the first space worthy shuttle in NASA's
orbital fleet. It was destroyed during re-entry over Texas on February 1,
2003 after a hole was punctured in one of the wings during launch 16 days
earlier. The original cost of the shuttle was $2 Billion in 1978. That
comes out to $6.3 Billion in today's dollars. $500 million was spent on
the investigation, making it the costliest aircraft accident investigation
in history. The search and recovery of debris cost $300 million. >In the
end, the total cost of the accident (not including replacement of the shuttle)
came out to $13 Billion according to the American Institute of Aeronautics
and Astronautics.
1. Chernobyl $200 Billion
On April 26, 1986, the world witnessed the costliest accident in history.
The Chernobyl disaster has been called the biggest socio-economic catastrophe
in peacetime history. 50% of the area of Ukraine is in some way contaminated.
Over 200,000 people had to be evacuated and resettled while 1.7 million people
were directly affected by the disaster. The death toll attributed to Chernobyl,
including people who died from cancer years later, is estimated at 125,000. The
total costs including cleanup, resettlement, and compensation to victims has
been estimated to be roughly $200 Billion. The cost of a new steel shelter for
the Chernobyl nuclear plant will cost $2 billion alone. The accident was officially
attributed to power plant operators who violated plant procedures and were ignorant
of the safety requirements needed.
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