Hurricane Risk by State
The predicted direct economic loss from hurricanes varies from state to state. This Demonstration combines data from ICAT (a provider of property insurance to businesses and residential property owners located in hurricane and earthquake exposed regions of the United States), the Census, and the Bureau of Economic Advisors to show how the predicted economic loss from hurricanes varies from state to state.[more]
You select the type of data you wish to display and the applicable state. You can further customize the appearance of the histogram by selecting various binning methods and height measures. The Demonstration responds with a histogram showing the distribution of the selected data for the applicable state and a table showing the mean value and standard deviation of the applicable category as well as the parameters of a Weibull Distribution that best fits the data.[less]
The meaning of the various binning possibilities and height specifications may be found at Histogram under "More Information".
The damage distributions are based on modeling work done by ICAT. That organization collected historic economic losses from all Atlantic coastal storms since 1900 and then attempted to compute the amount of damage those storms would cause today. The methodology is described briefly at How is the damage calculated? and more fully in R. Pielke et. al., "Normalized Hurricane Damage in the United States: 1900-2005," Natural Hazards Review, 9(1), 2008 pp. 29–42 (available at this link). Further results from the ICAT modeler may be found at ICAT Damage Estimator.
Insured losses from each of the storms will be smaller than damages.