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Media Advisory: Reporters Covering ̽»¨¾«Ñ¡ Implications Of Typhoon Haiyan Can Contact The ̽»¨¾«Ñ¡ Information Institute For Analysis, Facts And Stats

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FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org

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NEW YORK, November 8, 2013 — The ̽»¨¾«Ñ¡ Information Institute (I.I.I.) has online editorial content and subject matter experts available for media covering the potential insurance repercussions of Super Typhoon Haiyan.

The Philippines, battered by about 20 cyclones a year, was most affected by Typoon Bopha in 2012, which claimed 1,900 lives, making it the deadliest disaster of the year, according to Swiss Re.ÌýTotal economic damage from Bopha was $902 million (U.S.), however most of that was uninsured.ÌýThis is due to the fact that the non-life segment of the Philippines consists of dozens of tiny and under-capitalized firms. There has also been a slippage in non-life penetration over recent years.

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Top 10 Costliest World ̽»¨¾«Ñ¡ Losses, 1970-2017 (1)

(2017 $ millions)

Rank Date Country Event Insured loss
1 Aug. 25, 2005 U.S., Gulf of Mexico Hurricane Katrina, storm surge, damage to oil rigs $82,394
2 Mar. 3, 2011 Japan Earthquake (Mw 9.0) triggers tsunami 38,128
3 Sep. 19, 2017 U.S., Puerto Rico, U.S. Virgin Islands, Caribbean Hurricane Maria 32,000
4 Oct. 24, 2012 U.S., Caribbean, Canada Hurricane Sandy, storm surge 30,774
5 Sep. 6, 2017 U.S., Puerto Rico, U.S. Virgin Islands, Caribbean Hurricane Irma 30,000
6 Aug. 25, 2017 U.S. Hurricane Harvey 30,000
7 Aug. 23, 1992 U.S., Bahamas Hurricane Andrew, storm surge 27,943
8 Sep. 11, 2001 U.S. Terror attacks on WTC, Pentagon and other buildings 25,991
9 Jan. 1, 1994 U.S. Northridge earthquake (Mw 6.7) 25,293
10 Sep. 6, 2008 U.S., Caribbean, Gulf of Mexico Hurricane Ike, floods, damage to oil rigs 23,051

(1) Property and business interruption losses, excludes life and liability losses. Includes flood losses in the United States insured via the National Flood ̽»¨¾«Ñ¡ Program. U.S. natural catastrophe figures based on Property Claim Services data. Adjusted to 2017 dollars by Swiss Re.

Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data.

Source: Swiss Re, sigma, No. 1/2018.

View Archived Tables

Top 10 Deadliest World Catastrophes, 2017

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Rank Date Country Event Victims (1)
1 Aug. 14 Sierra Leone Heavy rains trigger flood and massive landslide and debris flow in Babadorie River Valley 1,141
2 Nov. 12 Iran, Iraq Earthquake Mw 7.3 on the Iran-Iraq border 630
3 Aug. 12 India Floods caused by heavy monsoon rains in Bihar; River Gandak burst its banks in 8 points 514
4 Sep. 19 Mexico Earthquake Mw 7.1 369
5 Mar. 31 Colombia Torrential rains caused Mocoa, Sangoyaco and Mulato to overflow and trigger massive landslide 336
6 Dec. 22 Philippines Tropical storm Tembin (Vinta) triggers flooding 331
7 Nov. 24 Egypt Bomb explosion at a mosque 311
8 May 24 Sri Lanka Torrential rains trigger floods along the Kalu River Basin, landslides 293
9 Apr. 12 India Heat wave 264
10 Jan. 14 Zimbabwe Heavy rains exacerbated by remnants of Cyclone Dineo trigger floods 251

(1) Dead and missing.

Source: Swiss Re, sigma, No. 1/2018.

View Archived Tables

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RELATED LINKS
Facts and Statistics: Global Catastrophes
International Fact Book:ÌýPhilippines
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RESOURCES
The I.I.I.’s free mobile apps can help you create a disaster plan, learn about selecting the right insurance for your needs and budget, and create and maintain a home inventory. Learn more about our suite of apps here.
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The I.I.I. has a full library of educational videos on its .
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THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
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̽»¨¾«Ñ¡ Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500;

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