JERSEY CITY, N.J., June 1, 2001 — Today is officially the first day of the hurricane season, which peaks between August and November.
Hurricanes in the coming months will expose tens of millions of people living along the coastal regions of Florida, Louisiana, Texas, North Carolina, South Carolina, New Jersey, Long Island (N. Y.), and New England to the punishing prospect of potentially devastating property losses.
Forecasts in 2001 are for eight to 11 tropical storms, five to seven of which could become hurricanes — and two or three of those could be extremely severe, reaching sustained windspeeds of at least 110 miles an hour. Potential Atlantic hurricanes sport names such as Arlene and Bret, Katrina and Lenny, Ophelia and Philippe, and Vince and Wilma.
Insurance Services Office, Inc. (ISO) can assist you in your coverage of hurricanes and other catastrophes with information on dollar amounts of insured property losses and number of claims filed with insurers — including a comparison of past catastrophes, losses and claims data by time period and state.
The fact sheet below is compiled from information in ISO's Property Claim Services (PCS) database — the most comprehensive database in the property/casualty industry on property losses from U.S. weather-related disasters. The fact sheet highlights some of the more significant information on past catastrophes, including hurricanes, and dollar value of property damage that may be useful to you as background for your breaking hurricane news coverage. Experts in ISO's PCS unit also can provide analyses of catastrophe losses of special interest to you.
ISO is a leading source of information, products and services related to property and liability risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting and claims information and analyses; consulting and technical services; policy language; and information about specific locations.
INSURANCE SERVICES OFFICE, INC. PROPERTY CLAIM SERVICES
HURRICANE FACT SHEET
Hurricane Losses by Year (1991-2000): Number of Hurricane Catastrophes and Estimated Insured Losses (adjusted to 2000 dollars)
|2000 - 0||$ 0|
|1999 - 5||$ 2.4 billion|
|1998 - 2||$ 3.5 billion|
|1997 - 1||$ 64 million|
|1996 - 4||$ 2.1 billion|
|1995 - 3||$ 3.8 billion|
|1994 - 0||$ 0|
|1993 - 1||$ 35.8 million|
|1992 - 2||$ 21.0 billion|
|1991 - 1||$ 783.8 million|
Ten Costliest Hurricanes and Estimated Insured Loss
(adjusted to 2000 dollars):
|Hurricane Andrew - August 1992||$19.0 billion|
|Hurricane Hugo - September 1989||$ 5.8 billion|
|Hurricane Georges - September 1998||$ 3.1 billion|
|Hurricane Betsy - September 1965||$ 2.8 billion|
|Hurricane Opal - October 1995||$ 2.4 billion|
|Hurricane Floyd - September 1999||$ 2.0 billion|
|Hurricane Iniki - September 1992||$ 2.0 billion|
|Hurricane Frederic - September 1979||$ 1.8 billion|
|Hurricane Fran - September 1996||$ 1.7 billion|
|Hurricane Celia - August 1970||$ 1.4 billion|
Ten Most Intense Hurricanes, Categories 5 and 4, 1900-2000
(measured by Saffir-Simpson Hurricane Disaster-Potential Scale): *
|Florida (Keys) - 1935||Category 5|
|Camille - 1969||Category 5|
|Andrew - 1992||Category 4|
|Florida (Keys)/So. Texas - 1919||Category 4|
|Florida - 1928||Category 4|
|Donna - 1960||Category 4|
|Texas (Galveston) - 1900||Category 4|
|Louisiana (Grand Isle) - 1909||Category 4|
|Louisiana (New Orleans) - 1915||Category 4|
|Carla - 1961||Category 4|
* Saffir-Simpson Hurricane Disaster-Potential Scale classifies hurricanes on their intensity and damage potential under five categories, with Categories 5, 4 and 3 being the most destructive. The scale does not measure insured property losses.
Catastrophes by Year (1991-2000):
Number of Catastrophes and Estimated Insured Loss
(adjusted to 2000 dollars) **
|2000 - 24||$ 4.3 billion|
|1999 - 27||$ 8.6 billion|
|1998 - 37||$10.6 billion|
|1997 - 25||$ 2.8 billion|
|1996 - 41||$ 8.0 billion|
|1995 - 34||$ 9.4 billion|
|1994 - 38||$19.6 billion|
|1993 - 36||$ 6.6 billion|
|1992 - 36||$28.1 billion|
|1991 - 36||$ 5.9 billion|
** To insurers, a catastrophe is a single incident, or series of related incidents — wind, hail, tornadoes, flooding, wildfire, earthquakes, and other natural disasters — that cause insured property losses totaling at least $25 million and affect a significant number of policyholders and insurers.