I've been waiting for the insurance models to update, now that the weather models are converging. These models, too, are quite sophisticated. This article also has some interesting historical data on the economic devastation from previous hurricanes, and calls 2004 a "1 year in 50" occurance.
I've seen a lot of forum posters talk about their stay in Florida after rebuilding, but I presume a lot of that depends on the availability of insurance funds.
My first post - wish it was a bit cheerier. But, its quite interesting, assuming I get the URL to display correctly:
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20040909005832&newsLang=en
This is the EQECAT U.S. Hurricane model, which is part of WORLDCATenterprise(TM), was recently re-certified by the Florida Commission on Hurricane Loss Projection Methodology for use in Florida. Primary insurers, reinsurers, intermediaries, and other financial institutions use the model to develop strategies for pricing, portfolio management, and risk transfer.
I am not associated with this firm, or the insurance industry. I ust think the business of hurricanes is almost as interesting as the weather models.
Cheryl