Aug
27
2008
Some interesting statistics on Florida Hurricanes
Author: Byron UdellAccording to the Insurance Information Institute, seven of the 10 costliest hurricanes in U.S. history have impacted Florida, and seven of those top 10 storms occurred within just two years.
Florida accounted for 22 percent of all U.S. insured catastrophe losses from 1980-2006, which equated to $57 billion (in 2007 dollars). Florida’s 10 costliest storms and total insured losses during that period were:
o Hurricane Andrew (1992) – $22.2 billion
o Hurricane Wilma (2005) – $8.9 billion
o Hurricane Charley (2004) – $8.2 billion
o Hurricane Ivan (2004) – $4.7 billion
o Hurricane Frances (2004) – $4.7 billion
o Hurricane Jeanne (2004) – $3.3 billion
o Hurricane Opal (1995) – $1.9 billion
o Hurricane Dennis (2005) - $907.7 million
o Hurricane Katrina (2005 – $576.5 million
o Hurricane Erin (1995) – $476.2 million
Buying a life insurance policy is important, but if you live in Florida, buying flood insurance is vital.
August 30th, 2008 at 9:30 am
The extent of property destruction due to hurricanes is extensive, and a great deal of thought should go in to preparing and insuring for hurricanes if you live in hurricane areas.
However, there is the pssibility of death due to hurricanes as well, and having appropriate life insurance protection in place is important.