Hurricane Andrew: The 20 miles that saved Miami
Article information and share options
Hurricane Andrew’s 1992 rampage caused USD 26.5bn in economic damage (1992 USD), destroying more than 25,000 homes and damaging an additional 100,000. Roughly 60% of Andrew’s economic damage, or USD 15.5bn, was borne by the insurance industry. Non-insured losses from Andrew included uninsured and underinsured residential properties, as well as damage to government property (including the Homestead Air Force Base), agriculture, beaches and marinas. This protection gap — the difference between economic and insured losses — calls attention to the remarkable weight carried by society when natural catastrophes like Andrew occur.