Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts

Sunday, June 5, 2011

MIssissippi River Flooding and Hurricanes

I work in the insurance industry and a couple weeks ago the issue of this year's hurricane forecasting came up. At the time we were going through some of the worst MS river flooding in years, perhaps back to 1927. My thought is that MS river flooding should be correlated with hurricane activity as the MS river dumps so much water into the Gulf of Mexico - a major storm path for the hurricanes. My initial thought was this should impact hurricane activity because the temperature of water in the gulf is associated with hurricane severity and formation. If the MS river is dumping alot of excess "cooler" water into the gulf it should be associated with lowered hurricane activity.

Average year: From what I can tell an "average" year for storm activity is "The official NHC seasonal averages are 11 named storms, 6 hurricanes, and 2 major hurricanes." I think the 11 named storms include tropical storms, not just hurricanes. Recently it seems almost all forecasts have been higher than this, but I guess the above are much longer term averages.

I didn't investigate any of this throughly, mostly just quickly looked some stuff up - but thought it was interesting non-the-less. MS river flooding does seem correlated with below average storm and hurricane activity - at least from what I can tell - I'd be betting the "under".

Bad MS flooding years:

1927: I started by looking at 1927 hurricane data - because 1927 was the worst year for MS river flooding in U.S. history. I honestly didn't know if they even kept hurricane records back then, but they did have records. The hurricanes didn't have names, but they did show tracks... we had 4 hurricanes that year, and interestingly all of the hurricanes stayed in the Atlantic / not entering the gulf of Mexico.

1951: A "moderately active" hurricane year. This is apparently the most active hurricane year of the MS river flood years looked at - 8 hurricanes in all, but interestingly none of the hurricanes made landfall in the US as a hurricane. Strong "stay in the Atlantic" tendencies here too.

1973: The 1973 flooding of the MS was some of the worst in U.S. history so I also looked there. Interestingly only 4 hurricanes that year also - although 1 did reach strong category 3 status out in the Atlantic. Like in 1927 there was a strong tendency for storms to stay in the Atlantic.


1983: 1983 MS river flooding was charactarized as the 2nd worst MS river flooding in the past century, so we look here also. Similar trends arise. 3 hurricanes that year - and the "lowest accumulated cyclone energy count since 1950". 2 of the 3 hurricanes did enter the gulf that year though.

1993: Another bad MS river flooding year per Wikipedia. 4 hurricanes that year with tendency to stay out in the Atlantic again.


Atlantic Hurricane Seasons

1927 4 hurricanes
1951 8 hurricanes
1973 4 hurricanes
1983 3 hurricanes
1993 4 hurricanes
2011 ?

1927 Wikipedia entry
1951 Wikipedia entry
1973 Wikipedia entry
1983 Wikipedia entry
1993 Wikipedia entry

Saturday, January 19, 2008

Insurance searches on google

I work as a market analyst in the insurance industry, and found this information about web searches from Google Trends to be interesting regarding car and home insurance shopping search in the US on the web.

Trend history for searches "car insurance" and "home insurance"

In "Car Insurance"
- Note the consistent decline in searches in the last 3-4 months of every year for the past 4 years.
- overall search volume in 2007 seems a bit lower than 2004 to 2006 - this would be consistent with the feeling in the market in 2007 that maybe there's not as much shopping going on, and would confirm suspicions that there's not as much organic shopping going on when there's not much rate activity happening. It's a "soft market" right now.
- July/August seems to consistently see a little spike in searches - correlates with high production months for major insurers.

- note far lower volume of "home insurance" searches, and less degree of seasonality (although home insurance searches seem to fall off the last few months of the year like auto.

Anyhow, I know this is off topic for this blog, but I was looking at this for work and it seemed pretty interesting to me, thought it might be for the readers here also.