Florida commission on hurricane loss projection methodology


Other hurricanes included



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Other hurricanes included:


















































































































































































































































































Total












Note: Total dollar contributions should agree with the total average annual zero deductible statewide loss costs provided in Form S-5 for current year.


Form A-4: Hurricane Andrew (1992) Percent of Losses



  1. Provide the percentage of personal residential zero deductible losses, rounded to four decimal places, from Hurricane Andrew (1992) for each affected ZIP Code. Include all ZIP Codes where losses are equal to or greater than $500,000.

B. Provide the percentage of commercial residential zero deductible losses, rounded to four decimal places, from Hurricane Andrew (1992) for each affected ZIP Code. Include all ZIP Codes where losses are equal to or greater than $500,000.


C. Provide a map color-coded by ZIP Code depicting the percentage of total personal residential losses from Hurricane Andrew (1992) below latitude 27°N using the following interval coding:

Form A-3: Cumulative Losses from the 2004 Hurricane Season

Provide the percentage of total

Red Over 5%

Light Red 2% to 5%

Pink 1% to 2%

Light Pink 0.5% to 1%

Light Blue 0.2% to 0.5%

Medium Blue 0.1% to 0.2%

Blue Below 0.1%

D. Provide a map color-coded by ZIP Code depicting the percentage of total commercial residential losses from Hurricane Andrew (1992) below latitude 27°N using the following interval coding:


Red Over 5%

Light Red 2% to 5%

Pink 1% to 2%

Light Pink 0.5% to 1%

Light Blue 0.2% to 0.5%

Medium Blue 0.1% to 0.2%



Blue Below 0.1%
E. Provide this form on CD in Excel format. The file name shall include the abbreviated name of the modeling organization, the standards year, and the form name. A hard copy of Form A-4 shall be included in the submission.
Rather than using directly a published windfield for Hurricane Andrew (1992), the winds underlying the loss cost calculations must be produced by the model being evaluated and should be the same hurricane parameters as used in completing Form A-3. Use the 2007 Florida Hurricane Catastrophe Fund’s aggregate personal residential exposure data found in the file named “hlpm2007.exe” for personal residential losses and the 2007 Florida Hurricane Catastrophe Fund’s aggregate personal and commercial residential exposure data, type of business 1, found in the file named “hlpm2007c.exe” for commercial residential losses.


Form A-4: Hurricane Andrew (1992) Percent of Losses




ZIP Code

Personal Residential

Monetary

Contribution ($)

Percent of Losses (%)

Commercial Residential

Monetary

Contribution ($)

Percent of Losses (%)


















































































































































































































































































































































































































































































































Form A-5: Cumulative Losses from the 2004 Hurricane Season



  1. Provide the percentage of personal residential zero deductible cumulative losses, rounded to four decimal places, from Hurricane Charley (2004), Hurricane Frances (2004), Hurricane Ivan (2004), and Hurricane Jeanne (2004) for each affected ZIP Code. Include all ZIP Codes where losses are equal to or greater than $500,000.

B. Provide the percentage of commercial residential zero deductible cumulative losses, rounded to four decimal places, from Hurricane Charley (2004), Hurricane Frances (2004), Hurricane Ivan (2004), and Hurricane Jeanne (2004) for each affected ZIP Code. Include all ZIP Codes where losses are equal to or greater than $500,000.


C. Provide maps color-coded by ZIP Code depicting the percentage of total personal residential losses from each hurricane, Hurricane Charley (2004), Hurricane Frances (2004), Hurricane Ivan (2004), and Hurricane Jeanne (2004) and for the cumulative losses using the following interval coding:
Red Over 5%

Light Red 2% to 5%

Pink 1% to 2%

Light Pink 0.5% to 1%

Light Blue 0.2% to 0.5%

Medium Blue 0.1% to 0.2%

Blue Below 0.1%
D. Provide maps color-coded by ZIP Code depicting the percentage of total commercial residential losses from each hurricane, Hurricane Charley (2004), Hurricane Frances (2004), Hurricane Ivan (2004), and Hurricane Jeanne (2004) and for the cumulative losses using the following interval coding:
Red Over 5%

Light Red 2% to 5%

Pink 1% to 2%

Light Pink 0.5% to 1%

Light Blue 0.2% to 0.5%

Medium Blue 0.1% to 0.2%



Blue Below 0.1%
E. Provide this form on CD in Excel format. Use the 2007 Florida Hurricane Catastrophe Fund’s aggregate personal and commercial residential exposure data found in the file named “hlpm2007c.exe.”
The file name shall include the abbreviated name of the modeling organization, the standards year, and the form name. A hard copy of Form A-5 shall be included in the submission.
Rather than using directly a specificspecified published windfield, the winds underlying the loss cost calculations must be produced by the model being evaluated and should be the same hurricane parameters as used in completing Form A-3. Use the 2007 Florida Hurricane Catastrophe Fund’s aggregate personal residential exposure data found in the file named “hlpm2007.exe” for personal residential losses and the 2007 Florida Hurricane Catastrophe Fund’s aggregate personal and commercial residential exposure data, type of business 1, found in the file named “hlpm2007c.exe” for commercial residential losses2.
Form A-5: Cumulative Losses from the 2004 Hurricane Season




ZIP Code

Personal Residential

Monetary

Contribution ($)

Percent of Losses (%)

Commercial Residential

Monetary

Contribution ($)

Percent of Losses (%)

















































































































































































































































































































































































































































































































Form A-6: Personal Residential Output Ranges

AB. Provide personalmaps color-coded by ZIP Code depicting the percentage of total residential output ranges inlosses from each hurricane, Hurricane Charley (2004), Hurricane Frances (2004), Hurricane Ivan (2004), and Hurricane Jeanne (2004) and for the format shown in the file named “2009FormA6.xls” by cumulative losses using the following interval coding:


Red Over 5%

Light Red 2% to 5%

Pink 1% to 2%

Light Pink 0.5% to 1%

Light Blue 0.2% to 0.5%

Medium Blue 0.1% to 0.2%

Blue Below 0.1% an automated program or script. A hard copy of the personal residential output range spreadsheets shall be included in the submission.
C. Provide the personal residential output ranges on CDthis form in Excel format. The file name shall include the abbreviated name of the modeling organization, the standards year, and the form name. A hard copy of Form A-3 shall be included in a submission appendix.



ZIP Code

Personal and Commercial Residential Monetary Contribution ($)

Percent of Losses (%)














































































































Form A-4: Output Ranges

A. Provide personal and commercial residential output ranges in the format shown in the file named “2011FormA4.xlsx” by using an automated program or script. A hard copy of Form A-4 shall be included in a submission appendix. Provide this form in Excel format. The file name shall include the abbreviated name of the modeling organization, the standards year, and the form name.


B. Provide loss costs rounded to three (3) decimal places by county. Within each county, loss costs shall be shown separately per $1,000 of exposure for personal residential, tenants,frame owners, masonry owners, frame renters, masonry renters, frame condo unit owners, andmasonry condo unit owners, mobile home; for each major deductible option; and by construction type. , and commercial residential. For each of these categories using ZIP Code centroids, the personal residential output range shall show the highest loss cost, the lowest loss cost, and the weighted average loss cost based on the 2007 Florida Hurricane Catastrophe Fund aggregate personal residential exposure data provided in the file named “hlpm2007.exe.” The aggregate personal. The aggregate residential exposure data for this form shall be developed from the information in the file named “hlpm2007hlpm2007c.exe,” except for insured value and deductibles information. Insured values shall be based on the personal residential output range specifications on the following pages. below. Deductible amounts prescribedof 0% and as specified in “2009FormA6.xls” for each columnthe output range specifications will be assumed to be uniformly applied to all risks. When calculating the weighted average loss costs, weight the loss costs by the total insured value calculated above. Include the statewide range of loss costs (i.e., low, high, and weighted average). For each of the loss costs provided, identify what that loss cost represents by line of business, deductible option, construction type, and coverages included, i.e., structure, contents, appurtenant structures, or additional living expenses as specified.
C. If a modeling organization has loss costs for a ZIP Code for which there is no exposure, give the loss costs zero weight (i.e., assume the exposure in that ZIP Code is zero). Provide a list in the submission document of those ZIP Codes where this occurs.
D. If a modeling organization does not have loss costs for a ZIP Code for which there is some exposure, do not assume such loss costs are zero, but use only the exposures for which there are loss costs in calculating the weighted average loss costs. Provide a list in the submission document of the ZIP Codes where this occurs.
E. All anomalies in loss costs that are not consistent with the requirements of Standard A-106 and have been explained in Disclosure A-10.16.14 shall be shaded.
Indicate if per diem is used in producing loss costs for Coverage D (ALE) in the personal residential output ranges. If a per diem rate is used in the submission, a rate of $150.00 per day per policy shall be used.


Personal Residential Output Range Specifications
Owners Policy Type Assumptions
Owners Coverage A: = Structure



Coverage B: = Appurtenant Structures


  • Amount of InsuranceCoverage B limit = 10% of Coverage A amountlimit

  • Replacement Cost included subject to Coverage B limit

  • Replacement Cost included subject to Coverage B limit

  • Ordinance or Law not included

  • Ordinance or Law not included

Coverage C: = Contents


  • Amount of InsuranceCoverage C limit = 50% of Coverage A amountlimit

  • Replacement Cost included subject to Coverage C limit

  • Replacement Cost included subject to Coverage C limit

Coverage D: Additional Living Expense = Time Element


  • Amount of InsuranceCoverage D limit = 20% of Coverage A amountlimit

  • Time Limit = 12 months

  • Per Diem = $150.00/day per policy, if used




  • Loss costs per $1,000 shall be related to the Coverage A amount.




  • Time Limit = 12 months

  • Per Diem = $150.00/day per policy, if used




  • Dominant Coverage = A.

  • Loss costs per $1,000 shall be related to the Coverage A limit.

  • Loss costs for the various specified deductibles shall be determined based on annual deductibles.

  • All-other perils deductible shall be $500.




  • Explain any deviations and differences from the prescribed format above.




  • Specify the model name and version number reflecting the release date as a footnote on each page of the output.

Personal Residential Output Range Specifications

Tenants Policy Type


  • 2% Deductible of Coverage A.

  • All-other perils deductible shall be $500.


Renters Coverage C: = Contents


  • Amount of InsuranceCoverage C limit = $25,000

  • Replacement Cost included subject to Coverage C limit




  • Replacement Cost included subject to Coverage C limit

Coverage D: Additional Living Expense = Time Element


  • Amount of InsuranceCoverage D limit = 40% of Coverage C amountlimit

  • Time Limit = 12 months

  • Per Diem = $150.00/day per policy, if used




  • Dominate Coverage = C.

  • Loss costs per $1,000 shall be related to the Coverage C limit.

  • Loss costs for the various specified deductibles shall be determined based on annual deductibles.

  • 2% Deductible of Coverage C.

  • All-other perils deductible shall be $500.


Condo Unit Owners Coverage A = Structure

  • Coverage A limit = 10% of Coverage C limit

  • Replacement Cost included subject to Coverage A limit

Coverage C = Contents

  • Coverage C limit = $50,000

  • Replacement Cost included subject to Coverage C limit

Coverage D = Time Element

  • Coverage D limit = 40% of Coverage C limit

  • Time Limit = 12 months

  • Per Diem = $150.00/day per policy, if used




  • Dominant Coverage = C.

  • Loss costs per $1,000 shall be related to the Coverage C amountlimit.




  • Loss costs for the various specified deductibles shall be determined based on annual deductibles.

  • 2% Deductible of Coverage C.

  • All-other perils deductible shall be $500.




  • All-other perils deductible shall be $500.



  • Explain any deviations and differences from the prescribed format above.




  • Specify the model name and version number reflecting the release date as a footnote on each page of the output.

Personal Residential Output Range Specifications

Condo Unit Owners Policy Type
Mobile Home Coverage A: = Structure


  • Amount of Insurance = 10% of Coverage C amountA limit = $50,000

  • Replacement Cost included subject to Coverage A limit

Coverage C: ContentsB = Appurtenant Structures


  • Amount of Insurance = $50,000

  • Coverage B limit = 10% of Coverage A limit

  • Replacement Cost included subject to Coverage B limit

Coverage C limit= Contents
Coverage D: Additional Living Expense


  • Amount of Insurance = 40% of Coverage C amountlimit = 50% of Coverage A limit

  • Replacement Cost included subject to Coverage C limit

Coverage D = Time Element

  • Coverage D limit = 20% of Coverage A limit

  • Time Limit = 12 months

  • Per Diem = $150.00/day per policy, if used




  • Dominant Coverage = A.

  • Loss costs per $1,000 shall be related to the Coverage C amountA limit.

  • Loss costs for the various specified deductibles shall be determined based on annual deductibles.

  • All-other perils deductible shall be $500.




  • Explain any deviations and differences from the prescribed format above.




  • Specify the model name and version number reflecting the release date as a footnote on each page of the output.

  • Personal2% Deductible of Coverage A.

  • All-other perils deductible shall be $500.


Commercial Residential Output Range Specifications

Mobile Home Owners Policy Type
Coverage A: = Structure


  • Amount of Insurance = $50Coverage A limit = $750,000

  • Replacement Cost included subject to Coverage A limit


Coverage B: Appurtenant Structures


  • Amount of Insurance = 10% ofReplacement Cost included subject to Coverage A amountlimit

  • Replacement Cost included subject to Coverage B limit

Coverage C: = Contents


  • Amount of Insurance = 50Coverage C limit = 5% of Coverage A amountlimit

  • Replacement Cost included subject to Coverage C limit

  • Replacement Cost included subject to Coverage C limit

Coverage D: Additional Living Expense= Time Element


  • Amount of InsuranceCoverage D limit = 20% of Coverage A amountlimit

  • Time Limit = 12 months

  • Per Diem = $150.00/day per policy, if used




  • Dominant Coverage = A.

  • Loss costs per $1,000 shall be related to the Coverage A amountlimit.

  • Loss costs for the various specified deductibles shall be determined based on annual deductibles.

  • All-other perils deductible shall be $500.




  • Explain any deviations and differences from the prescribed format above.




  • Specify the model name and version number reflecting the release date as a footnote on each page of the output.




  • 3% Deductible of Coverage A.

  • All-other perils deductible shall be $500.



Form A-75: Percentage Change in Personal Residential Output Ranges

A. Provide summaries of the percentage change in the weighted average loss costs using the 2007 Florida Hurricane Catastrophe Fund’s aggregate personal residential exposurecost output range data found in the file named “hlpm2007.exe” from the personal residential output rangescompiled in Form A-4 relative to the equivalent data compiled from the previously accepted submission for the followingmodel in the format shown in the file named “2011FormA5.xlsx.”


For the change in output range exhibit, provide the summary by:

  • Statewide (overall percentage change),

  • By region, as defined in Figure 4 – North, Central and South,

  • By county, as defined in Figure 5 – Coastal and Inland.

B. Provide this form on CD in Excel format. The file name shall include the abbreviated name of the modeling organization, the standards year, and the form name. The file name shall include the abbreviated name of the modeling organization, the standards year, and the form name. A hard copy of all tables in Form A-75 shall be included in thea submission appendix.





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