III - CATASTROPHES BY STATE

CONTRIBUTION TO STATE ECONOMIES

CATASTROPHES BY STATE

In 2005, 24 catastrophes generated a record $61.8 billion in insured property/casualty losses, according to ISO. The catastrophes resulted in more than 4 million personal and commercial property and automobile claims from policyholders in 39 states. Five states—Louisiana, Mississippi, Florida, Texas and Alabama—accounted for some 90 percent of those dollar losses, with most of the losses generated by five hurricanes—Katrina, Wilma, Rita, Ophelia and Dennis. The five hurricanes caused $57.7 billion in insured damages, or 93 percent of total 2005 catastrophe losses. (See Hurricanes section for more information on 2005 Hurricane losses).

STATES WITH THE HIGHEST CATASTROPHES LOSSES IN 2005

($000)

State	Losses
Louisiana	$27,217,500
Mississippi	12,259,000
Florida	9,889,000
Texas	2,850,000
Alabama	1,457,000
Total (5 states)	53,672,500
Source: ISO.

STATES WITH THE HIGHEST CATASTROPHES LOSSES IN 2006

($000)

State	Losses
Indiana	$1,500,000
Missouri	878,000
Tennessee	873,000
Texas	688,000
Kansas	601,000
Total (5 states)	4,540,000
Source: ISO.

TOP STATES WITH HIGHEST INSURED CATASTROPHE LOSSES, 2007

($ millions)

State	Estimated insured loss (1)
California	$1,427
Minnesota	747
Texas	677
Georgia	320
Illinois	272
Oklahoma	270
Kansas	262
Missouri	223
New York	202
Colorado	200
Alabama	200
(1) Does not include flood damage covered by the federally administered National Flood Insurance Program. Note: Catastrophes are assigned serial numbers by the Property Claim Services (PCS) Unit of ISO when the insured loss to the industry resulting from an occurrence reaches at least $25 million and affects a significant number of policyholders and insurers. Source: ISO's Property Claim Services Unit.

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	3,851.1	62
Texas	895.1	3,493.0	26
Massachusetts	772.8	1,426.4	54
New Jersey	635.5	1,875.2	34
Connecticut	479.9	750.4	64
Louisiana	224.4	638.4	35
South Carolina	191.9	698.2	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%
Total U.S.	$8,890.8	$53,495.0	17%
(1) Includes residential and commercial properties. Ranked by value of insured coastal property. (2) Total exposure is an estimate of the actual total value of all property in the state that is insured or can be insured, including the full replacement value of structures and their contents and the time value of business interruption coverage. 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.

INSURANCE PROVIDED BY FAIR PLANS BY STATE, 2007 (1)

	Number of
State	Habitational policies	Commercial policies	Exposure ($000)	Direct written premiums ($000)
California	177,838	11,034	$48,095,190	$76,867
Connecticut	4,207	232	746,121	4,464
Delaware	2,679	101	281,229	789
D.C.	733	180	206,384	818
Florida (CPIC) (2)	1,457,642	82,875	485,073,231	3,717,970
Georgia (3)	26,590	2,099	4,402,709	18,368
Illinois	8,235	169	642,244	6,048
Indiana	3,170	98	195,823	1,646
Iowa	1,127	45	75,902	722
Kansas	10,095	68	449,665	4,557
Kentucky	11,633	761	207,973	7,126
Maryland	7,210	146	630,283	2,894
Massachusetts	233,712	870	79,533,541	303,939
Michigan	55,421	1,698	7,383,508	56,659
Minnesota	8,361	3	1,575,394	6,085
Mississippi	12,789	(4)	730,213	8,422
Missouri	7,685	450	374,174	2,755
New Jersey	37,284	1,330	4,378,941	17,279
New Mexico	11,983	365	650,317	3,656
New York (3)	59,920	6,628	13,487,465	35,280
Ohio	49,966	1,124	9,091,984	25,781
Oregon	3,664	159	280,563	1,678
Pennsylvania	33,246	2,340	1,890,142	11,471
Rhode Island	20,984	174	4,941,896	25,337
Texas	125,242	(4)	15,538,484	73,058
Virginia	35,715	828	3,896,820	15,121
Washington	82	44	27,116	157
West Virginia	1,119	107	42,355	721
Wisconsin	3,920	125	NA	1,713
Total	2,412,252	114,053	$684,829,667	$4,431,381
(1) Does not include the FAIR Plans of Arkansas, Hawaii, North Carolina and Louisiana Citizens. (2) Citizens Property Insurance Corporation, which combined the FAIR and Beach Plans. (3) Includes a wind and hail option for any dwelling including those in coastal communities. (4) The Mississippi and Texas FAIR Plans do not offer a commercial policy. NA=Data not available. Source: Property Insurance Plans Service Office (PIPSO).

INSURANCE PROVIDED BY BEACH AND WINDSTORM PLANS, 2007 (1)

	Number of
State	Habitational policies	Commercial policies	Exposure (2) ($000)	Direct written premiums ($000)
Alabama	NA	NA	NA	$23,420
Mississippi	35,797	2,146	$5,643,000	83,757
South Carolina	38,084	2,833	15,845,943	86,086
Texas	214,275	20,485	64,032,194	315,139
Total	288,156	25,464	$85,521,137	$508,402
(1) Does not include the Beach Plan of North Carolina; Florida and Louisiana Beach Plans merged with their FAIR Plans. (2) Exposure is the estimate of the aggregate value of all insurance in force in each state’s Beach and Windstorm Plan in all lines (except liability, where applicable, and crime) for 12 months ending September through December. NA=Data not available. Source: Property Insurance Plans Service Office (PIPSO).

TORNADOES AND RELATED DEATHS BY STATE, 2007

State	Tornadoes	Fatalities
Alabama	41	10
Alaska	0	0
Arizona	0	0
Arkansas	16	0
California	6	0
Colorado	55	2
Connecticut	2	0
Delaware	0	0
D.C.	0	0
Florida	49	21
Georgia	42	10
Hawaii	0	0
Idaho	3	0
Illinois	23	0
Indiana	18	0
Iowa	42	0
Kansas	137	14
Kentucky	30	0
Louisiana	23	3
Maine	1	0
Maryland	2	0
Massachusetts	1	0
Michigan	23	3
Minnesota	18	0
Mississippi	33	0
Missouri	42	3
Montana	5	0
Nebraska	47	0
Nevada	0	0
New Hampshire	0	0
New Jersey	0	0
New Mexico	23	2
New York	3	0
North Carolina	12	0
North Dakota	38	1
Ohio	12	0
Oklahoma	50	2
Oregon	2	0
Pennsylvania	7	0
Puerto Rico	1	0
Rhode Island	0	0
South Carolina	18	1
South Dakota	44	0
Tennessee	10	0
Texas	197	9
Utah	1	0
Vermont	0	0
Virginia	2	0
Washington	0	0
West Virginia	1	0
Wisconsin	18	0
Wyoming	5	0
United States	1,103 (1)	81
(1) Includes tornadoes that track from a touchdown state into another state. Source: U.S. Department of Commerce, Storm Prediction Center, National Weather Service.

TOP TEN STATES FOR WILDLAND FIRES RANKED BY NUMBER OF FIRES, 2007

Rank	State	Number of fires	Number of acres burned
1	California	9,093	1,087,110
2	Georgia	8,726	837,895
3	North Carolina	7,000	54,658
4	Florida	4,918	578,346
5	South Carolina	3,842	17,064
6	Oklahoma	3,519	69,907
7	Alabama	3,373	64,262
8	Tennessee	3,361	48,572
9	Oregon	2,561	648,046
10	Arizona	2,240	101,381
Source: National Interagency Coordination Center.

TOP TEN STATES FOR WILDLAND FIRES RANKED BY ACRES BURNED, 2007

Rank	State	Number of fires	Number of acres burned
1	Idaho	1,473	1,980,552
2	California	9,093	1,087,110
3	Nevada	891	890,414
4	Georgia	8,726	837,895
5	Montana	1,875	778,079
6	Oregon	2,561	648,046
7	Utah	1,423	620,730
8	Florida	4,918	578,346
9	Alaska	448	525,017
10	Washington	1,268	214,925
Source: National Interagency Coordination Center.

TOP 15 MOST COSTLY HURRICANES IN THE UNITED STATES

($ millions)

				Estimated insured loss (1)
Rank	Date	Location	Hurricane	Dollars when occurred	In 2007 dollars (2)
1	Aug. 25-30, 2005	AL, FL, GA, LA, MS, TN	Katrina	$41,100	$43,625
2	Aug. 24-26, 1992	FL, LA	Andrew	15,500	22,902
3	Oct. 24, 2005	FL	Wilma	10,300	10,933
4	Sep. 12-14, 2008	AR, IL, IN, KY, LA, MO, OH, PA, TX	Ike	10,655	10,655 (3)
5	Aug. 13-14, 2004	FL, NC, SC	Charley	7,475	8,203
6	Sep. 15-21, 2004	AL, DE, FL, GA, LA, MD, MS, NJ, NY, NC, OH, PA, TN, VA, WV	Ivan	7,110	7,803
7	Sep. 17-22, 1989	GA, NC, PR, SC, VA, U.S. Virgin Islands	Hugo	4,195	7,013
8	Sep. 20-26, 2005	AL, AR, FL, LA, MS, TN, TX	Rita	5,627	5,973
9	Sep. 3-9, 2004	FL, GA, NC, NY, SC	Frances	4,595	5,043
10	Sep. 15-29, 2004	DE, FL, GA, MD, NJ, NY, NC, PA, PR, SC, VA	Jeanne	3,655	4,011
11	Sept. 21-28, 1998	AL, FL, LA, MS, PR, U.S. Virgin Islands	Georges	2,955	3,758
12	Oct. 4, 1995	FL, AL, GA, NC, SC, TN	Opal	2,100	2,856
13	Sep. 14-17, 1999	NC, NJ, VA, FL, SC, PA, 10 other states	Floyd	1,960	2,439
14	Sep. 11, 1992	Kaui and Oahu, HI	Iniki	1,600	2,364
15	Sep. 5, 1996	NC, SC, VA, MD, WV, PA, OH	Fran	1,600	2,114
(1) Property coverage only. Does not include flood damage covered by the federally administered National Flood Insurance Program. (2) Adjusted to 2007 dollars by the Insurance Information Institute. (3) Estimated. Expressed in 2008 dollars. Source: ISO's Property Claim Services Unit; Insurance Information Institute.