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[STORMREPORTS] Hurricane Damage Will Surpass Andrew - Only 9/11 Worse

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From: Jesse Ferrell (WeatherMatrix) (ferrell{at}weathermatrix.net)
Date: Sun Oct 03 2004 - 20:04:12 EDT


FULL STORY:
<http://www.theroyalgazette.com/apps/pbcs.dll/article?AID=/20041003/BUSINESS/110020112>

QUOTES:

"NEW YORK (Reuters) – Claim payments from an unprecedented four hurricanes
to make landfall in the US so far this year are estimated at between $22
billion to $23 billion, according to the Insurance Information Institute.

The group said in a statement that only the $32 billion in insured losses
from the September 11, 2001, attacks on the United States exceeded
estimated claim payments from this year’s hurricanes – Charley, Ivan,
Frances and Jeanne.

Claims from Hurricane Andrew in 1992, the costliest single natural disaster
in US history, totalled $15.5 billion, or $20 billion in today’s dollars,
the group said.

Insurance Services Office, Inc.’s Property Claim Services estimated insured
losses from Hurricane Charley at $6.8 billion and from Frances at $4.4
billion. Preliminary estimates from modelling firms project insured losses
from Hurricanes Ivan and Jeanne in the $4 billion to $7 billion range for
each storm.

Four of the top ten most costly hurricanes in US history occurred in
Florida this year within a span of just six weeks."

-- 
===================================================================
Jesse Ferrell - Meteorologist / Webmaster / Founder - WeatherMatrix
9000 Weather Enthusiasts Can't Be Wrong! www.weathermatrix.net 

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