RealEstateGates offers a simple survey based on calculation of damages from disasters that happened in the USA and brought considerable loss to American insurance companies operating in
real estate sector from 1989 to 2003. The list of the largest catastrophes was provided by an insurance company from Jersey, NY dated by 2002.
Under the ‘disaster’ the insurers estimated series of consequent happenings, both natural and manmade, that resulted in at least $25-million damage.
Here’s the list:
- Terror attacks in New York, Virginia and Pennsylvania - September, 2001 (-$20.7billion)
- Hurricane Andrew – August, 1992 (-$19.9 billion)
- Earthquake in California – January, 1994 (-$15.2 billion)
- Hurricane Hugo – September, 1989 (-$6.1 billion)
- Hurricane George – September, 1998 (-$3.3 billion)
- Midwest tornado – May, 2003 (-$3.1 billion)
- Ellison tropical storm – July, 2001 (-$2.5 billion)
- Hurricane Opal – October, 1995 (-$2.5 billion)
- Midwest tornado – April, 2001 (-$2.2 billion)
- Northeast storm - March, 1993 (-$2.2 billion)
This year the country suffered from a powerful
Hurricane Charley. The damage caused by it is still not estimated.
The simple calculation shows that American insurers lost about $77.7 billion due to major disasters for the last 15 years.