In terms of insurance company estimates, hurricane Katrina which hit the US Gulf Coast in 2005 caused approximately $30 billion dollars in property and infrastructure damage. This is roughly $5 billion more than hurricane Andrew which took place in Florida and Louisiana in 1992. The greatest property damage in the world is estimated at $150 billion and was caused by the 1995 Kobe earthquake in Japan.
The most expensive natural disaster in United States history has been the New Orleans hurricane Katrina disaster with a estimate 31.3 billion dollars spent. The world’s most expensive was the Kobe earthquake in Japan in 2005, with around 121 billion dollars spent.
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