The Most Expensive Disaster? – The Daily Dish | By Andrew Sullivan


This post bothered me because in listing the worst disasters from an economic point of view on a list of about 15 it didn’t include the 2004 tsunami in Indonesia.  This was attributed to low property value.  That may be factually correct, but I suspect the economic loss as a percent of wealth or income in a poor nations would have ranked it much higher.  The ranking seemed a little wealthy centric to me.

The Most Expensive Disaster? – The Daily Dish | By Andrew Sullivan.

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One response to “The Most Expensive Disaster? – The Daily Dish | By Andrew Sullivan

  1. Perceptive and good point. Sort of reminds me of how GDP misses out on all the “value” created that are not sold, but merely exchanged. Make food, clothes and tools for each other – and no GDP is added.

    Another thought that crossed my mind reading the chart was how insurance companies probably cover the costs in rising premiums afterwards. I doubt they set aside disaster funds in advance. Gotta pay the owners and ceos first, and all that..

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