Japan Earthquake, Most Expensive in History

Japan Earthquake, Most Expensive in History

Tōkyō : Japan | Jul 12, 2011 at 7:20 PM PDT
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Japan Earthquake july 10 2011 [HD]

Earthquake that occurred in Japan in March 2011 last made ​​in 2011 be the year 's most expensive for the case of natural disasters. This statement was issued by the world's largest insurance companies from Germany, Munich Re.

The number of losses for the first six months alone has reached U.S. $ 265 billion or about Rp2.271 trillion, beating the record losses from natural disasters in 2005 Hurricane Katrina who spent only U.S. $ 220 billion and cost the lives of 1,800. To note, the National Budget of Indonesia just after a bit of Rp 1,000 trillion.

But in terms of insurance losses, earthquakes, Japan spends only U.S. $ 30 billion, which means still under Hurricane Katrina.

However, the number of Japanese earthquake losses of more than five times higher than the last 10 years. Insurance company losses from insurance and reinsurance is approximately U.S. $ 60 billion, nearly five times the average since 2001.

9 Richter scale earthquake which occurred on March 11, 2011 earlier in Japan not only causes loss of 210 billion euros, but also the 15,500 fatalities. This is what makes the most expensive natural disaster that has been recorded during the age of the earth.

According to Munich Re, the extreme accumulation of a natural disaster in the first six months is very rare because usually the first six months of losses is lower than the last six months. This is caused by a storm in the North Atlantic and typhoons in the Pacific.

Costliest natural disaster in 2011 following the earthquake that shook Christchurch, New Zealand, in February last. The earthquake caused the loss of U.S. $ 20 billion.

While the losses of the earthquake and tsunami in Aceh in December 2004, as noted by the World Bank is U.S. $ 4.5 billion. That disaster led to nearly 200 thousand people were killed, and a number of infrastructure along the west coast of Aceh were destroyed.
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Japanese citizens commemorating the tragedy of the earthquake and tsunami, 11 April 2011
Putu Karya is based in Denpasar, Bali, Indonesia, and is a Reporter for Allvoices.
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