hurricane insurance panel presentation by mike smith, ray stahl, scott ward & mark yearn
TRANSCRIPT
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.