Impact of the 2004 hurricane season on the florida public hurricane loss model Conference

Pinelli, JP, Hamid, S, Gurley, K et al. (2008). Impact of the 2004 hurricane season on the florida public hurricane loss model . 314 10.1061/41016(314)250

cited authors

  • Pinelli, JP; Hamid, S; Gurley, K; Pita, G; Subramanian, C

authors

abstract

  • The Florida Public Hurricane Loss Model is one of the first public models entirely accessible for scrutiny to the scientific community. The model incorporates the latest state of the art techniques in hurricane prediction, and vulnerability modeling based on engineering crite-ria. Although the model was developed for Florida, its methodology is applicable to any hurri-cane prone region. Version 1.5 of the model was developed before any data from the 2004 hur-ricane season was available. When data from this intense hurricane season, which produced substantial losses in Florida, became available, it provided the opportunity to validate and recali-brate the loss model against actual claim data. The paper describes the resulting changes in the Model, and how they affected the predicted loss costs in Florida. Scenario analyses illustrate the significance of the model results for the insurance industry and homeowners in the State of Florida. © 2008 ASCE.

publication date

  • January 1, 2008

Digital Object Identifier (DOI)

volume

  • 314