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Re:Top 11 Most Expensive Accidents in History 1 Year, 2 Months ago
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# 5. 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). 
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Re:Top 11 Most Expensive Accidents in History 1 Year, 2 Months ago
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# 4. 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. 
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Areeba (Moderator)
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Re:Top 11 Most Expensive Accidents in History 1 Year, 2 Months ago
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# 3. 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. 
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Areeba (Moderator)
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Re:Top 11 Most Expensive Accidents in History 1 Year, 2 Months ago
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# 2. 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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Re:Top 11 Most Expensive Accidents in History 1 Year, 2 Months ago
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# 1. Zardari – Priceless
On 5 March 2008, Mr Zardari was cleared of five corruption charges only because the courts "abolished the cases against all public office holders",including corruption and illegal use of property under NRO, the National Reconciliation Ordinance. He had another trial on the remaining charges on 14 April 2008, when he was cleared under the same NRO. On 19 April 2008, Zardari announced in a press conference in London that he and his sister, Faryal Talpur, would participate in the by-elections taking place on 3 June and that, if necessary, he would contest to become the country's next Prime Minister. Mr Zardari subsequently became President of Pakistan. By all accounts, he ranks as the biggest and the most expensive accident in history. 
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