Hurricane Insurance Panel Presentation by Mike Smith, Ray Stahl, Scott Ward & Mark Yearn.

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Presentation transcript:

Hurricane Insurance Panel 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 Coast52%81% US East Coast Including Florida Peninsula31%64% Gulf Coast from FL Panhandle to Brownsville, TX 30%47% Above-Average Major Hurricane

Hurricane Activity Statistics Average*2005**2006F Named Storms Named Storm Days Hurricanes Hurricane Days Intense Hurricanes2.375 Intense Hurricane Days2.375 Net Tropical Cyclone Activity100%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. Hurricanes at Landfall Source: National Weather Service HurricaneYear Barometric pressure (inches) Wind speed (mph) "Labor Day" (Fla. Keys) Camille Katrina Andrew

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) * Rank Hurricane NameYear CategoryDeaths 1Texas (Galveston) FL (Lake Okeechobee) Hurricane Katrina Florida Keys New England Florida Keys (Labor Day) Audrey NE United States LA (Grand Isle) LA (New Orleans)

Most Expensive Hurricanes (Atlantic) * Rank Hurricane NameYearCategoryDamage (U.S.) 1Hurricane Katrina20054$80 Billion 2Hurricane Andrew19925$26.5 Billion 3Hurricane Charley20044$15 Billion 4Hurricane Wilma20053$14.4 Billion 5Hurricane Ivan20043$14.2 Billion 6Hurricane Rita20053$10 Billion 7Hurricane Frances20042$8.9 Billion 8Hurricane Hugo19894$7 Billion 9Hurricane Jeanne20043$6.9 Billion 10Tropical Storm Allison2001T.S.$5 Billion Note: Damages are listed in US dollars and are not adjusted for inflation.