LESSONS FROM HURRICANE SANDY - IMUA

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Lessons from Sandy: Hurricane Deductibles Source: State of New Jersey
Lessons from Sandy: Hurricane Deductibles • For two consecutive years, borderline-hurricane events have made landfall in the northeast, but hurricane deductibles haven’t been allowed to be applied. • This means that the modeling assumption of using a hurricane deductible for weak Cat 1 hurricanes or transitioning storms may be incorrect. • This practice artificially reduces the loss costs for portfolios because the fire deductible isn’t used in the modeling. • Currently, some models typically only accept one deductible type per peril. • Do we ask for wind and fire deductibles in data submissions • For which storms in the event set should the fire deductible be used with
Page 1 and 2: Source: NASA LESSONS FROM HURRICANE
Page 3 and 4: Hurricane Sandy Source: NASA
Page 5 and 6: Source: NASA Source: NASA Storm His
Page 7 and 8: Title of presentation and name of s
Page 9 and 10: Hurricanes off the New Jersey Coast
Page 11 and 12: Source: NASA Source: NASA Understan
Page 13 and 14: Source: NOAA/NCEP Title of presenta
Page 15 and 16: Source: NASA Title of presentation
Page 17 and 18: Source: NOAA
Page 19 and 20: Why did Sandy have such a large win
Page 21 and 22: Sandy Impacts - Overview • Second
Page 23 and 24: Examples of Sandy Wind Damage Sourc
Page 25 and 26: Hurricane Sandy Rainfall Totals Sou
Page 27 and 28: Hurricane Sandy Storm Surge (Height
Page 29 and 30: Hurricane Sandy Storm Surge Damage
Page 31 and 32: Hurricane Sandy Storm Surge Damage
Page 33: Lessons from Sandy: Hurricane Deduc
Page 37 and 38: Lessons from Sandy: Flood Exposure
Page 39 and 40: Lessons from Sandy: Impact to Marin
Page 41: © Copyright 2013 Munich Reinsuranc

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