Hurricane season doesn’t start for another couple of months, but recently, I.I.I. requested a chart showing the sum of all catastrophe losses since 1980, broken down by state. Insurance Services Office obliged with data from its Property Claims Services Unit. The results may surprise you:
In all, insurers have paid out nearly $380 billion in catastrophe losses (adjusted for inflation to present day dollars). Three states – Florida, Texas and Louisiana – make up more than a third of that number – driven largely by hurricanes.