III The Costs of Hurricanes

Hurricanes

	HURRICANES AND RELATED DEATHS IN THE UNITED STATES, 1988-2007 Year Made landfall as hurricane in the U.S. Hurricanes Deaths (1) 1988 1 2 1 1989 3 6 56 1990 0 1 0 1991 1 1 18 1992 1 4 27 1993 1 1 3 1994 0 1 8 1995 3 3 29 1996 2 3 59 1997 1 1 6 1998 3 10 23 1999 2 8 60 2000 0 8 4 2001 0 9 42 2002 1 4 5 2003 2 7 24 2004 6 (2) 9 59 2005 7 15 1,518 2006 0 5 0 2007 1 6 1 (1) Includes fatalities from high winds of less than hurricane force from tropical storms. (2) One hurricane (Alex) is considered a strike but not technically a landfall. Source: Insurance Information Institute from data supplied by the U.S. Department of Commerce, National Oceanic and Atmospheric Administration, National Hurricane Center; ISO.
	CATASTROPHIC HURRICANE CLAIMS AND LOSSES, IN THE UNITED STATES, 1998-2005 (1) 1998 1999 2002 2003 2004 2005 Frequency 2 5 1 2 5 6 Claims 729,450 695,850 133,700 527,800 2,259,150 3,315,550 Personal (2) 72.8% 73.9% 83.8% 82.3% 73.6% 70.0% Commercial (2) 15.7% 17.2% 3.0% 4.1% 13.4% 9.3% Vehicles 11.5% 9.0% 13.2% 13.5% 12.9% 20.7% Losses ($millions) $3,315 $2,315 $430 $1,775 $22,900 $58,337 Personal (2) 34.9% 39.4% 66.5% 74.9% 65.7% 49.8% Commercial (2) 59.8% 55.6 26.7% 14.0% 29.6% 44.7% Vehicles 5.4% 5.0% 6.7% 11.1% 4.6% 5.5% Average claim severity Personal (2) $2,176 $1,773 $2,554 $3,061 $9,049 $12,515 Commercial (2) $17,331 $10,769 $28,750 $11,376 $22,337 $84,953 Vehicles $2,124 $1,856 $1,638 $2,755 $3,626 $4,698 (1) ISO's Property Claim Services unit currently defines catastrophes as events causing at least $25 million in direct insured losses to property and affecting significant numbers of insurers and insureds. There were no catastrophic hurricanes in 2000, 2001, 2006 or 2007. (2) Property losses excluding vehicle losses. Source: ISO's Property Claim Services Unit.
	THE FIVE COSTLIEST HURRICANES OF 2005 Rank Date Hurricane States Estimated insured loss ($ millions) Fatalities 1 Aug. 25-30 Katrina AL, FL, GA, LA, MS, TN $41,100 1,500 2 Oct. 24 Wilma FL 10,300 5 3 Sep. 20-26 Rita AL, AR, FL, LA, MS, TN, TX 5,627 7 4 Jul. 9-11 Dennis FL, AL, GA, MS 1,115 3 5 Sep. 14-16 Ophelia NC, FL 35 1 Total 58,177 1,518 Source: ISO's Property Claim Services Unit; U.S. Department of Commerce, National Oceanic and Atmospheric Administration, National Hurricane Center. TOP 15 MOST COSTLY HURRICANES IN THE UNITED STATES ($ millions) Estimated insured loss (1) Rank Date Location Hurricane Dollars when occurred In 2007 dollars (2) 1 Aug. 25-30, 2005 AL, FL, GA, LA, MS, TN Katrina $41,100 $43,625 2 Aug. 24-26, 1992 FL, LA Andrew 15,500 22,902 3 Oct. 24, 2005 FL Wilma 10,300 10,933 4 Aug. 13-14, 2004 FL, NC, SC Charley 7,475 8,203 5 Sep. 15-21, 2004 AL, DE, FL, GA, LA, MD, MS, NJ, NY, NC, OH, PA, TN, VA, WV Ivan 7,110 7,803 6 Sep. 17-22, 1989 GA, NC, PR, SC, VA, U.S. Virgin Islands Hugo 4,195 7,013 7 Sep. 20-26, 2005 AL, AR, FL, LA, MS, TN, TX Rita 5,627 5,973 8 Sep. 3-9, 2004 FL, GA, NC, NY, SC Frances 4,595 5,043 9 Sep. 15-29, 2004 DE, FL, GA, MD, NJ, NY, NC, PA, PR, SC, VA Jeanne 3,655 4,011 10 Sept. 21-28, 1998 AL, FL, LA, MS, PR, U.S. Virgin Islands Georges 2,955 3,758 11 Oct. 4, 1995 FL, AL, GA, NC, SC, TN Opal 2,100 2,856 12 Sep. 14-17, 1999 NC, NJ, VA, FL, SC, PA, 10 other states Floyd 1,960 2,439 13 Sep. 11, 1992 Kaui and Oahu, HI Iniki 1,600 2,364 14 Sep. 5, 1996 NC, SC, VA, MD, WV, PA, OH Fran 1,600 2,114 15 Sep. 15-16, 1995 PR, U.S. Virgin Islands Marilyn 875 1,190 (1) Property coverage only. (2) Adjusted to 2007 dollars by the Insurance Information Institute. Source: ISO's Property Claim Services Unit; Insurance Information Institute. The insurance information institute