16 November, 2009
AIR modeled the worst natural catastrophes to hit the US in the past Century and what they would cost in today’s terms
A catastrophe modeler has calculated the top ten most devastating hurricanes in US history and what they would cost if they were to strike again today.
Top of the list is the 1926 Miami hurricane, which would likely result in insured losses of around $101bn, based on reported insured losses at the time the event took place.
AIR, which conducted the analysis, said the actual losses would be much more than reported at the time because the number and value of properties have increased dramatically in the past century.
The following charts show the estimated impact of historical US hurricanes and earthquakes if they were to happen today.
Estimated Insured Losses for the Top 10 Historical Earthquakes Based on Current Exposures:
AIR modeled the worst natural catastrophes to hit the US in the past Century and what they would cost in today’s terms
A catastrophe modeler has calculated the top ten most devastating hurricanes in US history and what they would cost if they were to strike again today.
Top of the list is the 1926 Miami hurricane, which would likely result in insured losses of around $101bn, based on reported insured losses at the time the event took place.
AIR, which conducted the analysis, said the actual losses would be much more than reported at the time because the number and value of properties have increased dramatically in the past century.
The following charts show the estimated impact of historical US hurricanes and earthquakes if they were to happen today.
Estimated Insured Losses for the Top 10 Historical Earthquakes Based on Current Exposures:
16 November, 2009
AIR modeled the worst natural catastrophes to hit the US in the past Century and what they would cost in today’s terms
A catastrophe ... more
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2
Score
(all time)
3712.00
Created
11/24/09
Views 3662
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1
February 7, 1812
New Madrid, MO
7.7$100 billion
2
April 18, 1906
San Francisco, CA
7.8$96 billion
3
August 31, 1886
Charleston, SC
7.3$37 billion
4
June 1, 1838
San Francisco, CA
7.4$27 billion
5
January 17, 1994
Northridge, CA
6.7$21 billion
6
October 21, 1868
Hayward, CA
7.0$21 billion
7
January 9, 1857
Fort Tejon, CA
7.9$8 billion
8
October 17, 1989
Loma Prieta, CA
6.3$6 billion
9
March 10, 1933
Long Beach, CA
6.4$5 billion
10
July 1, 1911
Calaveras, CA
6.4$4 billion
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