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 Hurricanes 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 Hurricanes 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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Created 11/24/09
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1
September 18, 1926
Miami Hurricane
$101 billion
2
August 24, 1992
Hurricane Andrew
$57 billion
3
September 17, 1947
1947 Fort Lauderdale Hurricane
$55 billion
4
September 17, 1928
Great Okeechobee Hurricane
$51 billion
5
August 29, 2005
Hurricane Katrina
$42 billion
6
September 9, 1900
Galveston Hurricane of 1900
$40 billion
7
September 21, 1938
The Great New England Hurricane
$38 billion
8
September 9, 1965
Hurricane Betsy
$36 billion
9
September 10, 1960
Hurricane Donna
$31 billion
10
September 5, 1950
Hurricane Easy
$21 billion
[source: https://www.strategicrisk.co.uk/story.asp?sectioncode=23&storycode=381341&c=1 ]
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