| Top 10 Costliest Catastrophes, United States (1) |
($ millions)
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Estimated insured property loss |
| Rank |
Date |
Peril |
Location |
Dollars when occurred |
In 2018 dollars (2) |
| 1 |
Aug. 2005 |
Hurricane Katrina |
AL, FL, GA, LA, MS, TN |
$41,100 |
$51,882 |
| 2 |
Sep. 2017 |
Hurricane Maria (3) |
PR, USVI |
25,000-30,000 |
25,600-30,700 |
| 3 |
Sep. 2017 |
Hurricane Irma (3) |
AL, FL, GA, NC, PR, SC, USVI |
20,000-25,000 |
20,400-25,600 |
| 4 |
Sep. 2001 |
September 11: Fire, Explosion:
World Trade Center,
Pentagon terrorist attacks |
NY, VA |
18,779 |
25,958 |
| 5 |
Oct. 2012 |
Hurricane Sandy |
CT, DC, DE, MA, MD, ME, NC, NH, NJ,
NY, OH, PA, RI, VA, VT, WV |
18,750 |
20,688 |
| 6 |
Aug. 2017 |
Hurricane Harvey (3) |
AL, LA, MS, NC, TN, TX |
16,000-19,000 |
16,400-19,400 |
| 7 |
Aug. 1992 |
Hurricane Andrew |
FL, LA |
15,500 |
25,404 |
| 8 |
Jan. 1994 |
Northridge, CA earthquake |
CA |
12,500 |
19,595 |
| 9 |
Sep. 2008 |
Hurricane Ike |
AR, IL, IN, KY, LA, MO, OH, PA, TX |
12,500 |
14,631 |
| 10 |
Oct. 2005 |
Hurricane Wilma |
FL |
10,300 |
13,002 |
(1) Property losses only. Excludes flood damage covered by the federally administered National Flood Insurance Program. Ranked on dollars when occurred. As of March 6, 2019.
(2) Adjusted for inflation through 2018 by the Insurance Information Institute using the GDP implicit price deflator.
(3) Insurance Information Institute estimate based on data from catastrophe risk modelers, reinsurance companies, the Property Claims Services unit of Verisk Analytics,
the Federal Emergency Management Agency of the U.S. Department of Homeland Security, and the Florida Office of Insurance Regulation. These estimates are preliminary
because the organizations involved periodically resurvey the events, and the severity of losses and other factors create a high level of uncertainty surrounding the
ultimate loss figures.
Source: Insurance Information Institute, catastrophe risk modelers, reinsurance companies, U.S. Department of Homeland Security, the Florida Office of Insurance Regulation,
the Property Claim Services庐 (PCS庐) unit of ISO庐, a Verisk Analytics庐 company, and the U.S. Bureau of Economic Analysis. |
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