Windstorms drove record losses in 2004.Hurricanes 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. and Caribbean, combined with typhoons in Japan and neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. countries tallied $38 billion in insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. losses according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Swiss Re's Sigma SIGMA - A scientific visual programming environment from NASA. http://fi-www.arc.nasa.gov/fia/projects/sigma/. report, "Natural Catastrophes and Man-Made Disasters man-made disaster Technological disaster Public health An event in which a significant number of people are injured or die as a result of human devices or activities, unrelated to conflicts, and attributed to operator error–eg, Exxon Valdez in 2004."
Regional Distribution of Insured
Losses in 2004
Industrialized nations experienced the
most insured losses.
Insured Loss
Region Number % ($ Millions) %
North America 46 13.9% $32,911 67.7%
South America 16 4.8% 2 0.0%
Asia 169 50.9% 12,094 24.9%
Europe 46 13.9% 1,203 2.5%
Africa 36 10.8% 577 1.2%
Oceania/Australia 5 1.5% 1,261 2.6%
Oceans/Space 14 4.2% 578 1.2%
World Total 332 100% $48,626 100%
Source: Swiss Re Sigma
The 10 Most Costly Insurance Losses in 2004
Insured Loss Date
($ Millions) (1) (Start) Event
11,000 09.02.2004 Hurricane Ivan with winds up to 260
km/h; damage to all oil rigs
8,000 08.11.2004 Hurricane Charley with winds up to
223 km/h
5,000 08.26.2004 Hurricane Frances with winds up to
235 km/h
5,000 12.26.2004 Seaquake triggers tsunami
4,000 09.13.2004 Hurricane Jeanne, torrential rain,
landslides
3,585 09.06.2004 Typhoon Songda/No 18 with winds up to
212 km/h
1,119 10.13.2004 Typhoon Tokage/No 23 with winds up to
229 km/h
956 08.30.2004 Typhoon Chaba/No 16 with winds up to
210 km/h
805 (2) 05.21.2004 Tornadoes, flooding, hail
598 10.23.2004 Chuetsu earthquake, strong
aftershocks
Insured Loss
($ Millions) (1) Country
11,000 U.S., Caribbean: Barbados,
St. Lucia, St. Vincent/Grenada el al
8,000 U.S., Caribbean: Cuba, Gulf of Mexico
5,000 U.S., Bahamas
5,000 Indonesia, Thailand, Sri Lanka, India
4,000 U.S., Caribbean: Haiti, Puerto Rico
3,585 Japan, South Korea
1,119 Japan, North Pacific Ocean, Guam
956 Japan, Guam, Philippines
805 (2) U.S.
598 Japan
(1) Property and business interruption, excluding liability and life
insurance losses
(2) Figures for natural catastrophes in the United States courtesy of
the Property Claims Service
Source: Swiss Re Sigma
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion