Last year was relatively quiet when it came to catastropheclaims, both globally and in the U.S., andearly forecasts say this year islikely to follow suit.
|Total insured losses from natural disasters were $16.1 billionin 2015, with nearly 60% of these losses coming from severethunderstorms. Hurricane activity, suppressed by strong El Ninoforces, resulted in a mere $60 million of insured losses, wellbelow the 10-year average of $6.5 billion.
|Historically, hurricanes are responsible for the great majorityof catastrophe claims. Among the 10 most expensive U.S. naturaldisasters, seven are hurricanes, collectively totaling nearly $125trillion in damages — and that’s just since Hurricane Andrew struckthe Atlantic Coast in 1992. Other high-cost catastrophes includeearthquakes, tornadoes and fires, all of which make an appearanceon our list.
|Keep reading to view 10 catastrophes that have had a devastatingimpact on U.S. property — and on the property-casualtyinsurance business.
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In this June 22, 2012 photo, a concrete block safe room sitson a home's foundation near Forest Lake in Tuscaloosa, Ala., aftera tornado roared through on April 27, 2011. (Photo: Bill Sikes/APPhoto)
|10. Flooding, hail and wind, including the tornadoesthat struck Tuscaloosa and other locations (April 2011)
Dollars when occurred: $7.3 billion.
|In 2014 dollars: $7.65 billion.
|Fatalities: 64.
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Wooden stilts that were once a home sit in the foreground asworkers rebuild a home, April 12, 2006, in Dauphin Island, Ala.Pounded by Hurricane Ivan in 2004 and then Katrina the next year,Dauphin Island hardly resembles the paradise days of its past.About 300 beach homes were destroyed by the two storms, and as manyas 50 lots are now in the Gulf of Mexico, which constantly reshapesthis narrow spit of sand. (Photo: Rob Carr/AP Photo)
|9. Hurricane Ivan (September 2004)
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Dollars when occurred: $7.11 billion.
|In 2014 dollars: $8.64 billion.
|Fatalities: 123.
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Juan Guzman, left, and Rico Hernandez worked on clearing thelarge fallen tree on Captiva Island, Fla., on Aug. 18, 2004, asresidents on Sanibel and Captiva Islands were allowed to returnhome to check on their property for the first time since HurricaneCharley passed through. (Photo: Charles Rex Arbogast/APPhoto)
|8. Hurricane Charley (August 2004)
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Dollars when occurred: $7.48 billion.
|In 2014 dollars: $9.08 billion.
|Fatalities: 15 direct.
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A street sign was blown off its post by winds from HurricaneWilma at the Federal Emergency Management Agency trailer park inPunta Gorda, Fla., just after sunrise on the morning of Oct. 24,2005. The residents of the park were displaced residents of PuntaGorda and Port Charlotte after Hurricane Charley tore through thearea last year. (Photo: Chris O'Meara/AP Photo)
|7. Hurricane Wilma (October 2005)
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Dollars when occurred: $10.3 billion.
|In 2014 dollars: $12.14 billion.
|Fatalities: 62.
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Tourists and residents evacuated northwards on the OverseasHighway in Key Largo, Fla., on the morning of Sept. 6, 2008, aftera mandatory non-resident evacuation was announced in advance ofHurricane Ike. (Photo: John Watson-Riley/AP Photo)
|6. Hurricane Ike (September 2008)
|
Dollars when occurred: $12.5 billion.
|In 2014 dollars: $13.64 billion.
|Fatalities: 195.
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John Rimer of Lawrence, Ga., went through the rubble of hissister's apartment on Jan. 20, 1994, in Santa Monica, Calif., whichwas destroyed in a gas explosion following a 6.6 earthquake.(Photo: Lynne Sladky/AP Photo)
|5. Northridge, Calif., earthquake (January1994)
|
Dollars when occurred: $12.5 billion.
|In 2014 dollars: $18.35 billion.
|Fatalities: 57.
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A parking lot full of yellow cabs was flooded as a result ofsuperstorm Sandy on Oct. 30, 2012, in Hoboken, N.J. (Photo: CharlesSykes/AP Photo)
|4. Superstorm Sandy (October 2012)
Dollars when occurred: $18.75 billion.
|In 2014 dollars: $19.31 billion.
|Fatalities: 285.
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Palm and coconut trees snapped back during a gust as othertrees littered Ocean Drive in the Art Deco section of Miami Beach,Fla., Aug. 24, 1992. Hurricane Andrew hit South Florida with windspeeds as high as 160-mph before moving into the Gulf of Mexico.(Photo: Charles Krupa/AP Photo)
|3. Hurricane Andrew (August 1992)
|
Dollars when occurred: $15.5 billion.
|In 2014 dollars: $23.79 billion.
|Fatalities: 65.
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In this Sept. 11, 2001 file photo, firefighters workedbeneath the destroyed mullions, the vertical struts which oncefaced the soaring outer walls of the World Trade Center towers,after a terrorist attack on the twin towers in New York City. TheSept. 11, 2001 attacks in New York City and Washington, D.C.,killed almost 3,000 people and lead to a war in Afghanistan.(Photo: Mark Lennihan/AP Photo)
|2. Fire, explosion: World Trade Center, Pentagonterrorist attacks (September 2001)
|
Dollars when occurred: $18.78 billion.
|In 2014 dollars: $24.28 billion.
|Fatalities: 2,606.
||A large tree was uprooted because Hurricane Katrina in Ft.Lauderdale Beach, Fla., Aug. 26, 2005. Hurricane Katrina floodedstreets, darkened homes and felled trees as it plowed across SouthFlorida before emerging over the Gulf of Mexico. (Photo: JeffChristensen/AP Photo)
|1. Hurricane Katrina (August 2005)
|
Dollars when occurred: $41.1 billion.
|In 2014 dollars: $48.38 billion.
|Fatalities: 1,245–1,836.
|Editor’s Note: This data, collected by Jersey City,N.J.-based Property Claim Services accounts only for propertylosses. It excludes flood damage covered by the federallyadministered National Flood Insurance Program.
|Related: Disasters cost insurers $37B in 2015, according toSwiss Re
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