2013 AND 2014 ATLANTIC HURRICANE SEASON
The 2013 Atlantic hurricane season produced 13 tropical storms, two of which became hurricanes, according to the National Oceanographic and Atmospheric Administration. Neither of these became major hurricanes, which is defined as a storm that reaches Category 3 or higher. 2013 was the first year with no major hurricanes since 1994, and it had the fewest number of hurricanes since 1982. Also, 2013 had no U.S. hurricanes that met PCS’s catastrophe threshold of at least $25 million in insured property losses. The first hurricane of the season, Humberto, reached hurricane force on September 11, but did not make landfall. It is topped only by 2002’s Hurricane Gustav as the latest forming first hurricane. Ingrid, the second 2013 hurricane, made landfall in Mexico on September 16. Together with Pacific Tropical Storm Manuel, it caused massive flooding and over 40 deaths. Andrea, an Atlantic tropical storm, made landfall in Florida on June 6 and caused one death. Losses from Andrea did not reach PCS’s catastrophe threshold.
Hurricane Arthur, the first hurricane of the 2014 Atlantic hurricane season, was also the first hurricane to make landfall on the U.S. mainland since Isaac in August, 2012, and the first Category 2 hurricane in the U.S. since Ike in 2008, according to the National Weather Service. Arthur became a hurricane on July 3 and made landfall over Shackleford Banks, between Cape Lookout and Beaufort, North Carolina. The storm weakened as it passed Cape Cod and New England. Widespread power outages were reported throughout coastal eastern North Carolina along with surge flooding up to 4 to 5 feet above normal.
THE TEN MOST COSTLY HURRICANES IN THE UNITED STATES (1)
The following chart from the Property Claim Services (PCS) unit of ISO, a Verisk Analytics company, ranks historic hurricanes based on their insured losses, adjusted for inflation. The chart beneath it, from AIR Worldwide Corporation, estimates insured property losses from notable hurricanes from past years, if they were to hit the nation again today with the same meteorological parameters.
ESTIMATED INSURED LOSSES FOR THE TOP TEN HISTORICAL HURRICANES BASED ON CURRENT EXPOSURES (1)