Thursday, September 26, 2013

Florida's Contribution to World Cat Losses

Munich Re reported that between 1980 and 2012, 65% of the world’s natural catastrophe insured losses occurred in the United States.
This image can be found here

The Insurance Information Institute reported in there 2012 fact book that between 1980 and 2010, Florida accounted for 16.5% of all US insured catastrophe losses (III 2012).

Thus, I estimate that between 1980 to about 2010, Florida, alone, contributed to over 10% of the world’s insured catastrophe losses.  [(0.65 US Losses)*(0.165 FL Losses) = 0.107]