Earth's 5th Costliest Non-U.S. Weather Disaster on Record: China's $22 Billion Flood
A historic flood event continues in China, where torrential monsoon rains along the Yangtze River Valley in central and eastern China since early summer have killed 237 people, left 93 people missing, and caused at least $22 billion in damage, the Office of State Flood Control and Drought Relief Headquarters said on Thursday. According to the International Disaster database, EM-DAT, this would make the 2016 floods China's second most expensive weather-related natural disaster in history, and Earth's fifth most expensive non-U.S. weather-related disaster ever recorded. Only China's 1998 floods, with a price tag of $44 billion (2016 dollars), were more damaging than the 2016 floods. According to the June 2016 Catastrophe Report from insurance broker Aon Benfield, Earth's only deadlier weather disaster in 2016 was an April heat wave in India that claimed 300 lives. Some 147,200 houses have been destroyed by this summer's floods in China, and over 21,000 square miles of farmland had been inundated--an area the size of Massachusetts and Vermont combined. An additional $1.3 billion in flood damage from Typhoon Nepartak occurred in China in July.