Hurricane Insurance Panel

Hurricane Insurance Hurricane Insurance PanelPanel

Presentation by Mike Smith, Ray Stahl, Scott Ward & Mark Yearn

Hurricane History

Andrew (1992)

Total insured losses…. $30 billion

Boat Losses….. $500 million

Charley, Frances, Ivan & Jeanne (2004)

Total insured losses $25 billion

Boat losses…….$680 million

Monty’ Marina - Coconut Grove, FL

Black Hawk Marina - Homestead, FL

Landfall in the Caribbean

  Average*

2006F

Entire US Coast 52% 81%

US East Coast Including Florida Peninsula

31% 64%

Gulf Coast from FL Panhandle to Brownsville, TX

30% 47%

Above-Average Major Hurricane

Hurricane Activity Statistics

Average* 2005** 2006F

Named Storms 9.6 26 17

Named Storm Days 49.1 115.5 85

Hurricanes 5.9 14 9

Hurricane Days 24.5 47.5 45

Intense Hurricanes 2.3 7 5

Intense Hurricane Days 2.3 7 5

Net Tropical Cyclone Activity 100% 263% 195%

Hurricane Isabel Approaching

Boat Heap – Hurricane Jeanne (2004)

Marsh Harbour, Bahamas Tropical Storm Jeanne (2004)

Hurricane Frances (2004)

Boat on Dock - Hurricane Frances

Hurricane Frances – Jensen Beach, FL

Hurricane Frances – Palm Beach, FL

Spice Island Marina, Grenada Hurricane Ivan (2004)

Hurricane Ivan (2004)

Hurricane Ivan Flooding (2004)

Hurricane Frances (2004)

Tropical Storm Cindy (2005)

Hurricane Isabel (2003)

Sailboat - Bahamas

Hurricane Charley (2003)

Hurricane Katrina Wind Speed Approximately 140 mph

Most Intense U.S. Hurricanesat Landfall

Source: National Weather Service

Hurricane YearBarometric pressure (inches)

Wind speed (mph)

"Labor Day"(Fla. Keys)

1935 26.35 160

Camille 1969 26.84 190

Katrina 2005 27.11 140

Andrew 1992 27.23 165

Hurricane Rita

Hurricane Wilma (2005)

Hurricane Ivan

Storm Surge Okaloosa Island Hurricane Dennis

Hurricane Camille (1969)

Hurricane Camille – Gulfport, MS

Hurricane Camille Satellite Imagery

“Labor Day Hurricane”Florida Keys (1935)

Hurricane Andrew (1992)

Boat Storage – Hurricane Andrew

Bertram Yacht on Dock Hurricane Andrew

Hurricane Hugo (1989)

Hurricane Alicia (1983)

Hurricane Opal (1995)

Hurricane Wilma (2005)

Top 10 Deadliest Hurricanes (Atlantic)

* www.mthurricanes.com

Rank  Hurricane Name Year  Category Deaths

1 Texas (Galveston) 1900 4 8000

2 FL (Lake Okeechobee) 1928 4 1836

3 Hurricane Katrina 2005 4 1336+

4 Florida Keys 1919 4 600

5 New England 1938 3 600

6 Florida Keys (Labor Day) 1935 5 408

7 Audrey 1957 4 390

8 NE United States 1944 3 390

9 LA (Grand Isle) 1909 4 350

10 LA (New Orleans) 1915 4 275

Most Expensive Hurricanes (Atlantic)

*www.mthurricanes.com

Rank  Hurricane Name Year Category Damage (U.S.)

1 Hurricane Katrina 2005 4 $80 Billion

2 Hurricane Andrew 1992 5 $26.5 Billion

3 Hurricane Charley 2004 4 $15 Billion

4 Hurricane Wilma 2005 3 $14.4 Billion

5 Hurricane Ivan 2004 3 $14.2 Billion

6 Hurricane Rita 2005 3 $10 Billion

7 Hurricane Frances 2004 2 $8.9 Billion

8 Hurricane Hugo 1989 4 $7 Billion

9 Hurricane Jeanne 2004 3 $6.9 Billion

10 Tropical Storm Allison 2001 T.S. $5 Billion

Note: Damages are listed in US dollars and are not adjusted for inflation.