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1 Exxon Valdez oil spill, 1989: The clean-up of the oil spill cost an estimated $2.5 billion; recovery for settlements, $1.1 billion; and the economic loss (fisheries, tourism, etc.) suffered due to the damage to the Alaskan ecosystem was estimated at $2.8 billion;
(PDF of this Page) Floods are among the most frequent and costly natural disasters in terms of human hardship and economic loss. As much as 90 percent of the damage related to all natural disasters (excluding droughts) is caused by floods and associated debris flows.