Accidents have been a part of life throughout our history. Some accidents are fatal while others are not. You cannot put value on injury and death that comes as a result of an accident. Life is the most precious and irreplaceable “commodity” – if we can call it that, for lack of a better term. It is something that cannot be compensated for, in the actual term. However, as much as property loss can be compensated for, accidents that affect property can be devastating. These affect time and money. Businesses have been known to have gone under due to accidents. This list looks at the 10 most expensive accidents recorded in our history. For comparison’s sake, we shall valuate these accidents in US dollar terms. For the purpose of this list, acts of war or terrorism, as well as natural disasters, do not count as accidents.
It was meant to be a historical feat: the biggest ship to sail the Atlantic. With all good intent, the Titanic was meant to be the ultimate and most luxurious ocean wonder. The maiden voyage was aptly designed to link Britain and the US. We all know what happened later on April 15, 1912 when the gigantic ship set sail from Southampton, in England for New York, in the US. It hit an iceberg and sunk, resulting in the loss of 1,500 people. That was a very big maritime disaster that still evokes sad memories to-date. In today’s monetary value, the Titanic cost $150 million to build, which is an equivalent of $7 million at that time!