Effects of Recent Weather Extremes on the Insurance Industry: Major Implications for the Atmospheric Sciences

摘要: Abstract Frequent and extremely damaging severe weather conditions in the United States during 1991–94 caused $40 billion insured losses, creating major impacts eliciting diverse responses insurance industry. Population, one reason for growing national sensitivity to storm damage, explained much of increase number catastrophes (property losses > $10 million) as well increases amount losses. The largest storms occurred areas experiencing greatest population growth (west, southwest, south, southeast). Shifts atmospheric variables (particularly frequency extratropical cyclones) most 1949–94 fluctuations found intensity catastrophic (losses divided by frequency). property-casualty sector raised rates, made changes availability high-risk areas, tightened underwriting restrictions hurricane-prone is making extensive assessments r...