3. Indian Ocean Earthquake, $1 Billion

This earthquake came in 2004 and took many lives, causing massive damage to life and property. It was one of the biggest natural disasters ever, and the insurance companies had to pay $1 billion for all the claims. This earthquake affected two major countries; Malaysia and Indonesia. Many people in Indonesia reported that they saw animals fleeing for high ground minutes before the tsunami arrived – very few animal bodies were found afterward. The tsunami resulted in at least 227,898 fatalities. One thing we need to understand is the fact that it had a magnitude of 9.0