https://www.insurerbrain.com/w/index.php?action=history&feed=atom&title=Definition%3AHurricaneDefinition:Hurricane - Revision history2026-06-13T17:16:50ZRevision history for this page on the wikiMediaWiki 1.43.8https://www.insurerbrain.com/w/index.php?title=Definition:Hurricane&diff=7720&oldid=prevPlumBot: Bot: Creating new article from JSON2026-03-10T13:16:06Z<p>Bot: Creating new article from JSON</p>
<p><b>New page</b></p><div>🌀 '''Hurricane''' is a tropical cyclone with sustained wind speeds of 74 miles per hour or greater that represents one of the most significant [[Definition:Catastrophe peril | catastrophe perils]] facing the insurance industry. In the context of [[Definition:Property insurance | property]] and [[Definition:Casualty insurance | casualty]] underwriting, hurricanes drive enormous insured losses through a combination of wind damage, [[Definition:Storm surge | storm surge]], and inland flooding, making them the dominant natural catastrophe exposure for insurers operating in the Atlantic and Gulf Coast regions of the United States, the Caribbean, and parts of Central America.<br />
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🔬 The insurance impact of a hurricane depends on several interacting variables — wind speed, storm size, forward speed, landfall location, and the concentration of insured values in the affected area. [[Definition:Catastrophe model | Catastrophe models]] developed by firms such as [[Definition:Risk Management Solutions (RMS) | RMS]], [[Definition:AIR Worldwide | AIR Worldwide]], and [[Definition:CoreLogic | CoreLogic]] simulate thousands of potential hurricane scenarios to estimate [[Definition:Probable maximum loss (PML) | probable maximum losses]] and guide [[Definition:Underwriting | underwriting]], [[Definition:Reinsurance purchasing | reinsurance purchasing]], and [[Definition:Capital management | capital management]] decisions. After a hurricane makes landfall, insurers activate [[Definition:Catastrophe response | catastrophe response]] protocols, deploying [[Definition:Claims adjuster | claims adjusters]] and leveraging aerial imagery and [[Definition:Geospatial analytics | geospatial analytics]] to triage and settle claims rapidly. The interplay between wind and water damage is a persistent coverage challenge, since standard [[Definition:Homeowners insurance | homeowners policies]] typically cover wind but exclude [[Definition:Flood insurance | flood]], leading to [[Definition:Coverage dispute | coverage disputes]] following every major storm.<br />
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📉 Few perils shape insurance market cycles as powerfully as hurricanes. A single season — such as 2005 (Katrina, Rita, Wilma) or 2017 (Harvey, Irma, Maria) — can deplete [[Definition:Reinsurance | reinsurance]] capacity, trigger [[Definition:Rate hardening | rate hardening]], and reshape [[Definition:Underwriting appetite | underwriting appetite]] for coastal property risks for years. The [[Definition:National Flood Insurance Program (NFIP) | National Flood Insurance Program]], [[Definition:Florida Citizens Property Insurance Corporation | Florida Citizens]], and private-market alternatives all exist in large part because of the recurring threat hurricanes pose. For the [[Definition:Insurance-linked securities (ILS) | insurance-linked securities]] market, hurricane risk is the single most traded peril, underpinning the majority of outstanding [[Definition:Catastrophe bond (cat bond) | catastrophe bonds]] and [[Definition:Industry loss warranty (ILW) | industry loss warranties]].<br />
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'''Related concepts'''<br />
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* [[Definition:Catastrophe model]]<br />
* [[Definition:Named storm deductible]]<br />
* [[Definition:Storm surge]]<br />
* [[Definition:Catastrophe bond (cat bond)]]<br />
* [[Definition:Windstorm insurance]]<br />
* [[Definition:National Flood Insurance Program (NFIP)]]<br />
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