October 10, 2006
A Perspective on the 2006 Hurricane Season
The 2006 hurricane season is not yet in the books, and there is plenty of time remaining for additional storms. However, if we consider the damage that has occurred this year thus far in historical perspective, how does it rank?
Let’s assume that this season has $250 million in damage. For the following data, I am using what we call “normalized” hurricane damage which adjusts past losses to current values. The 2006 season thus far ranks 73 out of 106 seasons since 1900, and 41 out of 56 seasons since 1950.
We hope to have the completely updated normalized loss analysis and data available soon. Stay tuned.