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VALUE OF INSURED COASTAL PROPERTIES VULNERABLE TO HURRICANES BY STATE, 2007 (1) ($ billions) |
| State |
Coastal |
Total exposure (2) |
Coastal as a percent of total |
| Florida |
$2,458.6 |
$3,119.6 |
79% |
| New York |
2,378.9 |
3,493.1 |
62% |
| Texas |
895.1 |
3,493.0 |
26% |
| Massachusetts |
772.8 |
1,426.4 |
54% |
| New Jersey |
635.5 |
1,875.1 |
34% |
| Connecticut |
479.9 |
750.4 |
64% |
| Louisiana |
158.8 |
1,409.4 |
35% |
| South Carolina |
191.9 |
682.2 |
28% |
| Virginia |
158.8 |
1,409.4 |
11% |
| Maine |
146.9 |
250.0 |
59% |
| North Carolina |
132.8 |
1,431.8 |
9% |
| Alabama |
92.5 |
744.8 |
12% |
| Georgia |
85.6 |
1,573.3 |
5% |
| Delaware |
60.6 |
170.8 |
36% |
| New Hampshire |
55.7 |
237.4 |
23% |
| Rhode Island |
54.1 |
189.3 |
29% |
| Mississippi |
51.8 |
394.6 |
13% |
| Maryland |
14.9 |
1,078.4 |
1% |
| Total, above states |
8,890.8 |
23,332.4 |
38% |
(1) Includes residential and commercial properties. Ranked by value of insured coastal property.
(2) Exposure is the total amount of insured property in the state.
Source: AIR Worldwide.
The insured value of properties in coastal areas of the United States grew at a compound annual rate of 7 percent in the three years from 2004 through 2007, according to an AIR Worldwide study. The study puts the insured value of coastal properties at $8.9 billion, or 17 percent of the insured value of properties in all states. |
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