General Insurance Article - Hurricane Matthew event recap report


Hurricane Matthew, which made landfall in the United States in October 2016, set many new meteorological records, and is still the most intense October Atlantic hurricane on record. The storm led to the deaths of at least 604 people in the Atlantic Basin, including 53 in the United States. The official death toll in Haiti was reported at 546 but unofficial tallies suggested it may be as high as 1,332.

 Total overall economic losses caused by Hurricane Matthew are estimated to be as high as USD15 billion, with insured losses estimated at around USD4.5 billion. The vast majority of these losses were incurred in the United States where economic losses exceeded USD10 billion. The private insurance industry and the National Flood Insurance Program (NFIP) paid out nearly USD4.0 billion in claims. Haiti (USD2.8 billion), the Bahamas (USD600 million to 1.0 billion), Canada (USD150 million), and Cuba (at least USD100 million) also sustained heavy economic damage from the cyclone. At a minimum of USD400 million, Matthew became the costliest event ever recorded for the Bahamian insurance industry.

 We hope the report will be of interest, and might act as a useful reference document for any future reporting on the hurricane.

 Please find below a selection of the records set by Hurricane Matthew

 Storm Records*
 Category 4/5 intensity for at least 114 consecutive hours; longest during October in the Atlantic on record
 186 consecutive hours (7.75 days) at Category 3+ intensity; fifth place for Atlantic Ocean major hurricane activity since 1966 (start of satellite era)
 Third-strongest rapid intensification (80 mph) in a 24-hour period in the Atlantic on record; trailed only Wilma (2005) and Felix (2007)
 Thirty-first Category 5 hurricane in the Atlantic on record; first since 2007 (Felix)
 Lowest latitude Category 5 hurricane in the Atlantic on record
 Longest-lived Category 4/5 hurricane in the eastern Caribbean Sea on record
 Generated the most ACE for any hurricane in the Eastern Caribbean on record
 First Category 4 hurricane to make landfall in Haiti since 1964 (Cleo)
 First Category 4 hurricane to make landfall in Cuba since 2008 (Ike)
 First time on record for a major hurricane to strike Haiti, Cuba and the Bahamas
 First hurricane to make landfall in South Carolina since 2004 (Gaston)
 Only the second major hurricane since 1900 to track within 100 miles of Jacksonville, Florida (Dora, 1964)
 First hurricane to make landfall north of the US state of Georgia in October since 1954 (Hazel)

  

 To Downlaod the report click Hurricane Matthew Event Recap Report

 *Thanks to Phil Klotzbach, Colorado State University

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