The 10 most costly U.S. catastrophes

Risk & Insurance, March, 2004

The 10 Most Costly U.S. Catastrophes

                                             Insured Loss

                                          Dollars    Dollars
                                            When        In
Rank   Date      Peril                    Occurred    2002 *

 1     09.2001   WTC/Pentagon ***         $20.30 B   $20.62 B
 2     08.1992   Hurricane Andrew         $15.50 B   $19.87 B
 3     01.1994   Northridge earthquake    $12.50 B   $15.17 B
 4     09.1989   Hurricane Hugo            $4.19 B    $6.08 B
 5     09.1998   Hurricane Georges         $2.90 B    $3.20 B
 6     06.2001   Tropical Storm Allison    $2.50 B    $2.53 B
 7     10.1995   Hurricane Opal            $2.10 B    $2.47 B
 8     09.1999   Hurricane Floyd           $1.96 B    $2.11 B
 9     03.1993   20-state winter storm     $1.75 B    $2.17 B
 10    10.1991   Oakland fire              $1.70 B    $2.24 B

* Adjusted to 2002 dollars by the Insurance Information Institute

** Property coverage only.

Source: The Insurance Information Institute Fact Book 2004.