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| 10 Worldwide Most Costly Insurance Losses, 1970-2006, In Millions of $ |
1. Aug. 25-29, 2005, U.S., Bahamas, Gulf of Mexico, North Atlantic, Hurricane Katrina, $66,311
2. Aug. 23, 1992, U.S., Bahamas, Hurricane Andrew, $22,987
3. Sep. 11, 2001, U.S., World Trade Ctr., Pentagon terrorist attacks, $21,397
4. Jan. 17, 1994, U.S., Northridge, Ca. Earthquake, $19,040
5. Sep. 2, 2004, U.S.,Caribbean, Barbados, Hurricane Ivan, $13,651
6. Oct. 19, 2005, U.S., Mexico, Haiti, Jamacia, Hurricane Wilma, $12,953
7. Sep. 20, 2004, U.S., Gulf of Mexico, Cuba, Hurricane Rita, $10,382
8. Aug. 11, 2004, U.S., Cuba, Jamaica, Hurricane Charlie, $8,590
9. Sep. 27, 1991, Japan, Typhoon Mireille/No. 19, $8,357
10. Sep. 15, 1989, U.S., Puerto Rico, Hurricane Hugo, $7,434
Source: Swiss Re, sigma, No. 2/2007 |
| 10 Most Costly Catastrophes, United States, In Millions of $ |
- August 2005, Hurricane Katrina, $38,100
- Aug. 1992, Hurricane Andrew, $15,500
- Sept. 2001, World Trade Center, Pentagon terrorist attacks, $18,800
- Jan. 1994, Northridge, CA earthquake, $12,500
- Oct. 2005, Hurricane Wilma, $10,300
- Aug. 2004, Hurricane Charley, $7,475
- Sept. 2004, Hurricane Ivan, $6,7110
- Sept. 1989, Hurricane Hugo, $4,195
- Sept. 2005, Hurricane Rita, $5,627
- Sept. 2004, Hurricane Frances, $4,595
Source: Insurance Information Institute |
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| THE TEN MOST COSTLY HURRICANES IN THE UNITED STATES |
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Estimated Insured Losses1 |
| Rank |
Date |
Location |
Hurricane |
Dollars When Occurred |
In 2005 Dollars2 |
| 1 |
2005, Aug. 25-29 |
AL, FL, GA, LA, MS, TN |
Katrina |
$40,600 |
$40,600 |
| 2 |
1992, Aug. 23-24, 25-26 |
FL, LA, MS |
Andrew |
15,500 |
21,576 |
| 3 |
2005, Oct. 24 |
FL |
Wilma |
10,300 |
10,300 |
| 4 |
2004, Aug. 13-15 |
FL, LA, MS |
Charlie |
7,475 |
7,728 |
| 5 |
2004, Sep. 16-21 |
AL, FL, GA, OH, PA, NY, NC, 8 other states |
Ivan |
7,110 |
7,351 |
| 6 |
1989, Sep. 17-18, 21-22 |
U.S. Virgin Islands, PR, GA, SC, NC, VA |
Hugo |
4,195 |
6,607 |
| 7 |
2005, Sept. 20-26 |
AL, AR, FL, LA, MS, TN, TX |
Rita |
5,627 |
5,627 |
| 8 |
2004, Sep. 5 |
FL, GA, SC, NC, NY |
Frances |
4,595 |
4,751 |
| 9 |
2004, Sep. 15, 25 |
PR, FL, PA, GA, SC, NY |
Jeanne |
3,440 |
3,557 |
| 10 |
1998, Sep. 21-28 |
PR, U.S. Virgin Islands, AL, FL, LA, MS |
Georges |
2,900 |
3,475 |
1 Property coverage only.
2 Adjusted to 2005 dollars by the Insurance Information Institute.
Source: ISO; Insurance Information Institute. |
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