Insured Losses

Residual market property plans – 2016

Executive summary


  • The exposure value of the residual property market in hurricane-exposed states continues its decline from the peak levels seen in 2011. Between 2011 and 2014, total exposure to loss in the plans fell by almost 30 percent to $639 billion. Policy counts in 2014—at around 2.8 million—are also down from their 2011 highs.



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The Northridge, CA, Earthquake 20 Years After: Facts, Figures and Perspectives

The Northridge, California, earthquake of 1994 was the costliest earthquake in U.S. history in terms of insured losses.

Spotlight on: Flood insurance


Flooding is the most common and costly natural disaster in the United States, causing billions in economic losses each year.  According to the National Flood Insurance Program (NFIP), 90 percent of all natural disasters in the United States involve flooding.

Spotlight on: Catastrophes - Insurance issues


The term “catastrophe” in the property insurance industry denotes a natural or man-made disaster that is unusually severe. An event is designated a catastrophe by the industry when claims are expected to reach a certain dollar threshold, currently set at $25 million, and more than a certain number of policyholders and insurance companies are affected.

Facts + Statistics: Hurricanes

The official Atlantic hurricane season runs from June through November, but occasionally storms form outside those months. September is the most common month for hurricanes making landfall in the U.S., followed by August and October, according to an analysis of 1851 to 2015 data by the National Oceanic and Atmospheric Administration. No hurricanes made U.S. landfall before June and after November during the period studied.

Facts + Statistics: U.S. catastrophes

2016 natural catastrophes

Facts + Statistics: Global catastrophes

2017 natural catastrophes