In our new infographic, we explore the impact of events such as Hurricane Harvey:
Power of Harvey
20 Trillion Gallons of rain fall in Houston- enough water to supply NYC for 50 years.
Harris County, Texas was drenched in over 4.5 trillion litres of water in 100 hours – enough rainfall to cover an eight-year old child.
Estimated cost of Harvey for insurers is $150 million.
Harvey was the 3rd “500-year” storm to strike Houston since 1979.
GDPR in 3 points
Right to be Forgotten – Customers can ask insurers to delete their personal data, where it is no longer required for its original purpose, or where they have withdrawn consent.
Guaranteed Data Portability – Customers can request their personal data to be transferred from you to a competitor.
Data Breach- If company has data breach, they have 72 hours to report it. Fines for non-compliance with GDPR can be as heavy as 4% of global annual turnover.
Reputation Damage
The Equifax breach, the US credit rating firm could affect the personal data of up to 143 million US Customers and 400,000 Britons.
IRMA’s bill
Rebuilding the ruins in Caribbean (including Puerto Rico) after IRMA will cost $13bn.
Changing Climate?
According to UN figures, in the 20 years to 2015, storms and floods caused $1.7trn of destruction.
WHO estimates that in real terms, the global cost of hurricanes is rising by 6% a year.
According to Munich Re, the number of weather-related disasters have increased from about 200 in 1980 to over 600 last year.
America all at Sea
One in 12 Americans lives in a home that can expect a 1% in any given year.
15% of Manhattan and 40% of Miami are in flood-risk zones.
Southern Florida can is vulnerable to category three hurricane (winds speeds of 176km per hour) every five years.
To view the infographic in full, please click below: