Modeling Catastrophe Risk to Marine and Energy Exposure in the Gulf of Mexico

Modeling Catastrophe Risk to Marine and Energy Exposure in the Gulf of Mexico

Houston Marine Insurance Energy Seminar

Hemant Shah, CEO Risk Management Solutions

September 18, 2006

1990 Population of Dade and Broward alone exceed that of all 109 coastal counties (TX – VA) in 1930 

Of 67 coastal counties in LA ->FL, pop. density is 2.5X national average

During the Florida construction boom from 1970 – 1990:

70% of buildings  in Broward and Palm Beach counties built in this period

75% increase in the population density in SE Florida

Commercial values almost tripled in value

The trend continues; from 1990 to 2000:

The population of Broward County increased by 29%, 

and Collier County by 65%

Currently, 1,540 building permits issued in coastal counties every day

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