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MEDIA ADVISORY: I.I.I. Offers Resources and Experts on Floods, Hurricanes and ÐÓ°ÉÔ­´´ for Reporters Covering Hurricane Sandy

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New York Press Office: (212) 346-5500; media@iii.org

NEW YORK, October 26, 2012 — Hurricane Sandy is predicted to strike the mid-Atlantic and Northeastern states with dangerous winds and heavy rain early next week. That, combined with the potential for a Nor’easter, could result in major flooding. The ÐÓ°ÉÔ­´´ Information Institute (I.I.I.) has available a variety of resources for reporters covering the insurance-related aspects of the storm.

In August of 2011, Hurricane Irene caused $4.3 billion in privately insured losses plus almost $1.3 billion in insured flood losses. In fact, Irene was the fourth costliest flood event in U.S. history.

Top 10 Most Significant Flood Events By National Flood ÐÓ°ÉÔ­´´ Program Payouts (1)

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Rank Date Event Number of
paid losses		 Amount paid
($ millions)
when occurred		 Amount paid
($ millions)
in 2024 dollars		 Average paid loss
in 2024 dollars
1 Aug. 2005 Hurricane Katrina 168,200 $16,330Ìý $26,247Ìý $156,046Ìý
2 Oct. 2012 Superstorm Sandy 132,800 8,967 12,236 92,139Ìý
3 Sep. 2017 Hurricane Harvey 77,100 9,015 11,591 150,337Ìý
4 Sep. 2022 Hurricane Ian 48,000 4,300 4,555 94,896Ìý
5 Sep. 2008 Hurricane Ike 46,900 2,711 3,911 83,390Ìý
6 Aug. 2016 Louisiana severe storms and flooding 27,600 2,522 3,305 119,746Ìý
7 Sep. 2004 Hurricane Ivan 31,000 1,671 2,778 89,613Ìý
8 May 2001 Tropical Storm Allison 30,900 1,110 1,968 63,689Ìý
9 Aug. 2011 Hurricane Irene 43,800 1,344 1,873 42,763Ìý
10 Sep. 2024 Hurricane Helene 43,700 1,779 1,779 40,709Ìý

(1) Defined by the National Flood ÐÓ°ÉÔ­´´ Program as an event that produces at least 1,500 paid losses, since 1978.Ìý As of January 2025.

Source: Federal Emergency Management Agency (FEMA) National Flood ÐÓ°ÉÔ­´´ Program (NFIP) data; analysis courtesy of Aon.

View Archived Tables

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Wind damage from both tropical storms and hurricanes is covered under standard homeowners and business insurance policies. Flood damage resulting from storm surge caused by hurricanes is not covered under standard homeowners and renters insurance policies; however flood coverage is available from the (NFIP) and from a few private insurance companies.
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Damage to cars from hurricanes is covered under the optional comprehensive portion of an auto insurance policy. This covers wind damage, flooding and falling objects such as tree limbs. More than 75 percent of all Americans choose to purchase comprehensive auto coverage.
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To arrange an interview with the I.I.I., please call the New York City press office at 212-346-5500. You can reach the following I.I.I. spokespeople after hours at:

RELATED LINKS

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The I.I.I. has a full library of educational videos on its . Information about I.I.I. mobile apps can be found here.
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THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
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ÐÓ°ÉÔ­´´ Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500;

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