NO RUNNING FROM COVER
The most expensive disaster by far was Hurricane Katrina in 2005, which caused $45 billion worth of damage, not counting costs that were covered by the National Flood Insurance Program. The second, at about $23 billion, was the Sept. 11, 2001, terrorist attacks on the World Trade Center and Pentagon, which the institute counts as a single event. All but one of the remaining top 10 were hurricanes, ranging in cost from $22 billion for Hurricane Andrew in 1992 to $6 billion for Hurricane Rita in 2005. Insured losses in the Carolinas from Hurricane Irene were estimated Sunday at $200 million to $400 million by Eqecat, a company in Oakland, Calif., that models the effects of natural disasters. The company said that parts of North Carolina and Virginia had received 20 inches of rain, more than had been forecast, and that more than a million people were without power after Irene, which was ranked a Category 1 hurricane when it came ashore there. In the Caribbean, Irene caused an estimated $500 million to $1.1 billion worth of damage, most of it in the Bahamas, where it was a Category 2 hurricane, but also in Puerto Rico, the Dominican Republic and other territories, according to AIR Worldwide, a Boston company that analyzes the cost of storm damage. NYT NEWS SERVICE
Loading
Click Here to Subscribe For FREE SMS Alerts on Disaster Awareness
OR SEND SMS " ON DISASTERAWARENESS " TO 9870807070
OR SEND SMS " ON DISASTERAWARENESS " TO 9870807070
Refresher Training of CERT by FOCUS
Wednesday, August 31, 2011
Irene adds to a bad year for insurance industry
Most of the loss will very likely come from property in New York and New Jersey, according to industry experts. Although Irene had diminished to a tropical storm by the time it reached New York early Sunday, those two states have the most valuable coastal property on the Atlantic Coast. At $7 billion in possible losses, Irene would be among the 10 costliest catastrophes in American history, according to theInsurance Information Institute.
Posted by Unknown at 10:15 PM
Subscribe to:
Post Comments (Atom)
Popular Posts
-
With the m o n - soon at t h e d o o rs t e p, Mumbaikars must brace for yet another season of contaminated water. Despite assuranc...
-
Punjab-based gang loots . 75 lakh from ATMs of Kerala-headquartered Federal Bank; 6 of its members behind bars A fraud unravelli...
-
33 Killed As Storm Lashes East Coast Chidanand Rajghatta TNN Washington: A broken crane dangled atop a 75-storey high-rise, sna...
-
Disaster Awareness: TOLL FREE NUMBERS
-
An electricity-saving incentive which helped suburban consumers reduce bills and enabled power suppliers to cut consumption, will soon ...
-
Mumbai: With civic elections round the corner, a report by NGO Praja.Org could be an eyeopener for corporators to know what the electorate...
-
Thane: The investigations into the collapse of a sevenstorey building in Mumbra has exposed a nefarious nexus of builders, municipal off...
-
Disaster Awareness: IMPORTANT: Watch Out
-
A friend sent this to me. It's been said that God first separated the salt water from the fresh, made dry land, planted a garden, mad...
-
Mumbai: The Brihanmumbai Municipal Corporation's ( BMC ) shoddy job with paver blocks has not only dotted Mumbai's streets w...
Disaster Management In India on Dipity.
Slide Presentation
TO GET FREE ALERTS ON MOBILE SEND SMS " ON DISASTERAWARENESS" TO 9870807070
Custom Search
0 comments:
Post a Comment