Man-made disasters
In 2016 there were 327 disaster events, of which 191 were natural disasters and 136 man-made disasters, according to Swiss Re. Natural catastrophes accounted for $46 billion in insured losses, while man-made disasters resulted in additional losses of about $8 billion. Major man-made catastrophes in 2016 included fires and explosions, maritime, aviation and rail disasters, and terrorism and social unrest. Turret failure in a floating storage and offloading vessel in Ghana and steam generator failure at a French nuclear power plant were the worst man-made disasters in 2016, both making the top 20 for losses, but Swiss Re did not release the loss value. Three incidents involving migrant boats capsizing claimed 776 lives. These incidents and a church roof collapse in Nigeria that caused 160 deaths were the deadliest man-made disasters in 2016. The September 11 terrorist attack in the U.S. was the costliest man-made disaster in history, based on Swiss Re data going back to 1970. It caused $25.1 billion in insured losses (in 2015 dollars).
Transportation accidents
There were 58 catastrophic disasters attributed to transportation incidents in 2016 according to Swiss Re, including 36 maritime disasters, 11 aviation disasters and 11 rail disasters. These events resulted in 2,298 deaths worldwide. Maritime disasters caused $2.5 billion in insured losses while aviation disasters caused another $248 million in insured losses. Losses for rail disasters resulted in another $87 million in insured losses. See Swiss Re chart on Man-Made Disasters below for further information.
Man-Made Disasters, 2017
| Event |
Number of incidents |
Deaths |
Insured loss ($ millions) |
| All man-made disasters (1) |
118 |
2,934 |
$6,246 |
| |
|
|
|
| Major fires, explosions |
45 |
477 |
$5,439 |
| Oil, gas |
15 |
36 |
3,056 |
| Industry, warehouses |
14 |
73 |
1,845 |
| Other buildings |
11 |
308 |
382 |
| Other fires, explosions |
3 |
22 |
81 |
| Department stores |
2 |
38 |
76 |
| Aviation disasters |
7 |
165 |
$410 |
| Space |
2 |
0 |
188 |
| Crashes |
3 |
165 |
131 |
| Damage on ground |
2 |
0 |
90 |
| Miscellaneous |
21 |
925 |
$200 |
| Social unrest |
1 |
0 |
200 |
| Terrorism |
13 |
731 |
0 |
| Other miscellaneous losses |
7 |
194 |
0 |
| Maritime disasters |
33 |
1,163 |
$197 |
| Drilling platforms |
1 |
0 |
90 |
| Freighters |
2 |
22 |
75 |
| Tankers |
1 |
0 |
32 |
| Passenger ships |
27 |
1,087 |
0 |
| Other maritime accidents |
2 |
54 |
0 |
| Rail disasters (includes cableways) |
10 |
140 |
$0 |
| Mining accidents |
2 |
64 |
$0 |
(1) Based on events classified by Swiss Re as a catastrophe. The threshold is $20.3 million in insured losses for maritime disasters, $40.7 million for aviation disasters and $50.5 million for other losses or $101.0 million in total economic losses; or at least 20 dead or missing, 50 injured or 2,000 made homeless.
Source: Swiss Re, sigma, 1/2018.
World aviation accidents
In 2015 more than 3.5 billion people flew safely on 37.6 million flights, according to the International Air Transport Association. The global accident rate (as measured by the rate of hull losses on Western-built jets) was 0.32 in 2015, or about one major accident for every 3.1 million flights. This compares with an accident rate of 0.27 in 2014. A hull loss is an accident in which the aircraft is destroyed or substantially damaged and is not subsequently repaired. There were 68 accidents in 2015 (on Eastern- and Western-built aircraft), down from 77 in 2014. The Germanwings 9525 and Metrojet 9268 losses that resulted in the deaths of 374 passengers and crew are not included in the statistics because they were caused by deliberate acts of unlawful interference, namely pilot suicide and suspected terrorism.
The deadliest world aviation accident was the collision of two Boeing 747 passenger planes on the runway of an airport in the Spanish island of Tenerife in 1977. The crash resulted in the deaths of 583 out of 644 passengers according to the Geneva-based Aircraft Crashes Record Office’s list of Worst Aviation Accidents.
United States
In the United States the National Transportation Safety Board compiles data on aviation flight hours, accidents and fatalities for commercial and general aviation.
Commercial airlines are divided into two categories according to the type of aircraft used: aircraft with 10 or more seats and aircraft with fewer than 10 seats. The nonscheduled commercial aircraft with more than 10 seats are also called charter airlines. Commercial airlines flying aircraft with fewer than 10 seats include commuter (scheduled) airlines, and on-demand air taxis. General aviation includes all U.S. noncommercial or privately owned aircraft.
Marine accidents
Marine accidents killed 1,596 people and caused $2.5 billion in insured losses in 2016. In 2016, three maritime disasters made the top ten disasters of 2016 in terms of victims. In March, two boats carrying migrants capsized, one in Greece (Mediterranean Sea) resulting in 358 deaths and one in Libyan Arab Jamahiriya causing 240 deaths. In addition, in September a boat carrying migrants capsized in Egypt, killing 178 people. In 2012, 30 people were killed when the Costa Concordia cruise ship carrying 4,200 passengers went aground off the coast of Italy. The Costa Concordia incident was the costliest man-made disaster in 2012, causing $515 million in insured damages losses when it occurred. By mid-2014, insured losses for the disaster had risen to about $2 billion. The greatest maritime disaster in peacetime happened in December 1987, when the Philippine ferry, the Doa Paz, collided with the Vector, a small coastal oil tanker, according to the National Maritime Museum in the United Kingdom. Only 24 of the 4,317 Doa passengers survived. By contrast, 1,500 perished in the sinking of the Titanic in 1912.
Marine Disasters, 2017 (1)
| Category |
Number of events |
Victims |
Insured losses ($ millions) |
| Drilling platforms |
1 |
0 |
90 |
| Freighters |
2 |
22 |
75 |
| Tankers |
1 |
0 |
32 |
| Passenger ships |
27 |
1,087 |
0 |
| Other maritime accidents |
2 |
54 |
0 |
| Total |
33 |
1,163 |
$197 |
(1) Based on events classified by Swiss Re as a catastrophe. The threshold for a maritime disaster is $20.3 million in insured losses or total losses of $99.0 million; or at least 20 dead or missing, 50 injured or 2,000 made homeless.
Source: Swiss Re, sigma, No. 1/2018.
Energy
Some 167 crew members lost their lives in a July, 1988 fire and explosion aboard the Piper Alpha oil platform in the North Sea. The incident, which caused property damage losses of $1.8 billion in 2013 dollars, represents the largest single property damage event in a Marsh’s study of losses in the energy industry from 1972 to 2013.
Top 15 World Property Damage Losses In The Hydrocarbon Industry (1)
| Rank |
Date |
Plant type |
Event type |
Location |
Country |
Property loss (2) |
| 1 |
Jul. 7, 1988 |
E&P offshore (3) |
Explosion, fire |
Piper Alpha, North Sea |
U.K. |
$1,960 |
| 2 |
Jan. 11, 2017 |
Refinery |
Fire |
Ruwais, Abu Dhabi |
U.A.E |
1,000+ |
| 3 |
Oct. 23, 1989 |
Chemical |
Explosion, vapour cloud explosion |
Pasadena, Texas |
U.S. |
1,520 |
| 4 |
Mar. 19, 1989 |
E&P offshore (3) |
Explosion, fire |
Baker, Gulf of Mexico |
U.S. |
900 |
| 5 |
Mar. 15, 2001 |
E&P offshore (3) |
Explosion |
Rancador Field, Campos Basin |
Brazil |
850 |
| 6 |
Sep. 25, 1998 |
Gas processing |
Explosion, vapour cloud explosion |
Sale, Longford, Victoria |
Australia |
810 |
| 7 |
Apr. 24, 1988 |
E&P offshore (3) |
Blowout |
Enchova, Campos Basin |
Brazil |
760 |
| 8 |
Sep. 21, 2001 |
Fertilizer |
Explosion |
Toulouse |
France |
730 |
| 9 |
Jun. 25, 2000 |
Refinery |
Explosion, fire |
Mina Al-Ahmadi |
Kuwait |
720 |
| 10 |
May 4, 1988 |
Chemical |
Explosion |
Henderson, Nevada |
U.S. |
690 |
| 11 |
Jan. 19, 2004 |
Gas processing |
Explosion, fire |
Skikda |
Algeria |
690 |
| 12 |
Apr. 1, 2015 |
E&P offshore (3) |
Fire |
Abkatun, Bay of Campeche |
Mexico |
690 |
| 13 |
May 5, 1988 |
Refinery |
Explosion, vapour cloud explosion |
Norco, Louisiana |
U.S. |
670 |
| 14 |
Mar. 11, 2011 |
Refinery |
Explosion, fire |
Sendai |
Japan |
650 |
| 15 |
Apr. 21, 2010 |
E&P offshore (3) |
Explosion, fire |
Gulf of Mexico |
U.S. |
640 |
(1) Property damage only.
(2) Inflated to December 2017 values.
(3) Exploration and production.
Source: The 100 Largest Losses, 1978-2017, March 2018, Marsh & McLennan Companies.
Large loss fires
The charts below show the costliest large-loss fires, many of which involve industrial facilities and other non-residential structures. The rankings are based on property loss data from the National Fire Protection Association.
Top 10 Costliest Large-Loss Fires, 2021 (1)
| Rank |
State |
Month |
Type of facility |
Estimated loss |
| 1 |
Colorado |
December |
Wildland/urban interface, Marshall Fire |
$678.0 |
| 2 |
Illinois |
June |
Chemical manufacturing |
160.0 |
| 3 |
California |
November |
Textile manufacturing |
128.0 |
| 4 |
Wisconsin |
February |
Ship in for repairs |
100.0 |
| 5 |
Tennessee |
July |
Cereal manufacturing |
98.6 |
| 6 |
Nevada |
January |
Apartments under construction |
35.0 |
| 7 |
Tennessee |
March |
Rubber manufacturing |
35.0 |
| 8 |
Colorado |
October |
Apartment building (81 units) |
30.2 |
| 9 |
Texas |
February |
Warehouse with foam products |
26.0 |
| 10 |
California |
January |
Restaurant |
25.2 |
(1) Large-loss fires of $20 million or more in 2021.
Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data.
Source: Reproduced with permission from Large-Loss Fires and Explosions in the United States in 2021 by Stephen G. Badger, ©2023 National Fire Protection Association www.nfpa.org.
Top 10 Costliest Large-Loss Fires In U.S. History
| |
|
|
Estimated loss (1) |
| Rank |
Date |
Location/event |
Dollars when occurred |
In 2020 dollars (2) |
| 1 |
Sep. 11, 2001 |
World Trade Center (terrorist attacks) |
$33,400 |
$48,900 (3) |
| 2 |
Oct. 8, 2017 |
Northern CA Wildland Urban Interface fire |
10,000 |
10,600 |
| 3 |
Apr. 18, 1906 |
San Francisco Earthquake and Fire |
350 |
10,100 |
| 4 |
Nov. 8, 2018 |
Camp Wildland Urban Interface fire |
8,500 |
8,700 |
| 5 |
Aug, 2021 |
“Siege” wildfire, Northern California (4) |
4,200 |
4,200 |
| 6 |
Oct. 8-9, 1871 |
Great Chicago Fire |
168 |
3,600 |
| 7 |
July, 2021 |
Navy ship under repair, San Diego, California |
3,000 |
3,000 |
| 8 |
Nov. 8, 2018 |
Woolsey Wildland Urban Interface fire |
2,900 |
3,000 |
| 9 |
Oct. 20, 1991 |
Oakland, CA, firestorm, Wildland Urban Interface fire |
1,500 |
2,900 |
| 10 |
Oct. 20, 2007 |
San Diego County, CA, The Southern California Firestorm |
1,800 |
2,200 |
(1) Loss estimates are from National Fire Protection Association (NFPA) records. The list is limited to fires for which some reliable dollar loss estimates exists.
(2) Adjustment to 2020 dollars made by the National Fire Protection Association using the Consumer Price Index.
(3) Differs from inflation-adjusted estimates made by other organizations due to the use of different collection criteria and deflators.
(4) Includes multiple fires.
Source: ©National Fire Protection Association. www.nfpa.org/research/reports-and-statistics.