If the Great New England Hurricane of 1938 happened in present conditions, it would cost an estimated $38 billion in damage that would be covered by insurance, which says nothing of the overall economic cost.
The estimate by AIR Worldwide is included in a set of hurricane facts made available Wednesday by the Insurance Information Institute, a property-casualty trade resource based in New York. The storm made landfall as a Category 3 storm during high tide as a direct hit to Long Island and the Connecticut coast east of Bridgeport. It also damaged New York, Massachusetts and Rhode Island. The hurricane killed 600 people and injured 1,700 more, causing $400 million in damage at the time.
Hurricane season runs from June 1 through Nov. 30, and it peaks between mid-August and mid-October.
To see the paths of tropical storms and hurricanes that have passed over the U.S., the National Oceanic and Atmospheric Administration has a search system that allows you to narrow the field by location and by the type of storm.
Some bullet points from the institute's website that caught my attention:
The value of insured properties on Connecticut's coastal areas totaled $479.9 billion as of 2007, according to AIR Worldwide.
"Population growth from 1960 to 2008 in coastal New England counties ranged from 22.3 percent in Rhode Island to 31.5 percent in Massachusetts to 36.6 percent in Connecticut to 62.2 percent in Maine to 200.3 percent in New Hampshire, according to theU.S. Census Bureau."
The top insurers of homes in Connecticut, followed by the amount the company receives in annual direct premiums: Liberty Mutual, $136.3 million; The Travelers Cos., $130.6 million; Chubb Corp., $119.2 million; Allstate Corp.$102.5 million; State Farm, $56.6 million; USAA Insurance Group, $54.9 million; The Hartford Financial Services Group, $54.7 million; Amica Mutual Insurance Co., $48.5 million; Nationwide Mutual Group, $48 million andMetLife Inc., $39.3 million.