Catastrophes in perspective.Hurricanes are the biggest causes of insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. property losses. Of the 25-largest insured property losses in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , hurricanes are responsible for 15 slots Slots may refer to:
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. A.M. Best data and the Insurance Services Office Insurance Services Office, Inc. (ISO) is a provider of data, underwriting, risk management and legal/regulatory services to property-casualty insurers and other clients. Headquartered in Jersey City, New Jersey, the organization serves clients with offices throughout the United . The Insurance Information Institute reports that tropical cyclones This is a list of notable tropical cyclones, subdivided by basin and reason for notability. North Atlantic basin
Mega-Catastrophes Inflation-adjusted U.S. catastrophe * losses by cause, 1985-2004. Utility service disruption 0.1% Terrorism 9.7% Winter storms 9.7% Earthquakes 8.4% Wind/hail/flood 3.4% Fire 2.9% Civil disorders 0.5% Water damage 0.2% * All events causing direct insured losses to property of $25 million or more in 2004 dollars. Source: Insurance Information Institute Note: Table made from pie chart. U.S. Catastrophes: 25 Largest Insured Property Losses Ranked by losses restated into 2005 dollars * ($ billions) San Francisco Earthquake & Fire (1906) 28.2 Hurricane Katrina (2005) ** 25.0 9/11 Terrorist Attack (2001) 23.7 Hurricane Andrew (1992) 21.3 Northridge Earthquake (1994) 17.1 Great New England Hurricane (1938) 9.6 Chicago Fire (1871) 9.3 Hurricane Charley (2004) 7.1 Hurricane Hugo (1989) 6.7 Hurricane Ivan (2004) 6.3 Hurricane Frances (2004) 4.6 Miami Hurricane (1926) 4.1 Baltimore Fire (1904) 4.1 Boston Fire (1872) 4.0 Alaska Earthquake & Related Tsunami (1964) 4.0 Hurricane Georges (1998) 3.8 Hurricane Betsy (1966) 3.7 Hurricane Jeanne (2004) 3.4 Hurricane Allison (2001) 2.9 Hurricane Opal (1995) 2.9 Oakland, Calif. Fire (1991) 2.6 San Fernando Earthquake (1971) 2.6 Snow, Wind, Hail, Tornado Storm (1993) 2.5 Great Atlantic Hurricane (1944) 2.5 Hurricane Floyd (1999) 2.4 * Inflation adjusted 1908 to 2005 made using the Construction Cost Index (McGraw Hill) (2005 based on June), 1878 to 1907 based on CCI and overlapping CPI and McCusker inflation index (1860 to 1912). Insured losses estimates are from A.M. Best archives and ISO. ** Estimated range from $14 billion to $60 billion. Source: A.M. Best Data and Insurance Services Office Note: Table made from bar graph. |
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