by Mike Murphy - October 2005
What do hurricanes and financial performance
have in common? Past performance is no guarantee of future
results. While forecast models are probably more accurate than
investment analysis, the actual results are all that really mean
anything. According to the National Hurricane Center (NHC), 76% of
category 4 and 5 hurricanes strike either Florida or Texas.
The NHC list of
deadliest and costliest hurricanes 1900-2000 reveals several other
facts. Ten of the twelve deadliest hurricanes were category 4 or
higher. Large death totals were primarily a result of the 15-20 feet
or greater storm surge. Although half of the deadliest hurricanes
were category 4 or higher, only one-sixth of the costliest
hurricanes were that strong. Only one of the deadliest hurricanes
occurred but two-thirds of the costliest hurricanes occurred during
the past 25 years.
Below are some relative facts from the
National Hurricane Center (NHC) that may interest those who have not
experienced a tropical storm or hurricane. The states with the most
frequent hurricane strikes from 1900-2004 by category are summarized
as follows:
|
Category |
|
1 |
2 |
3 |
4 |
5 |
Total
(1-5) |
Percent |
|
USA |
|
|
|
|
|
|
174 |
100% |
|
Florida |
|
|
|
|
|
|
64 |
37% |
|
Texas |
|
|
|
|
|
|
38 |
22% |
|
|
North |
7 |
3 |
3 |
4 |
0 |
17 |
10% |
|
|
Central |
3 |
2 |
1 |
1 |
0 |
7 |
4% |
|
|
South |
3 |
4 |
6 |
1 |
0 |
14 |
8% |
|
N. Carolina |
|
|
|
|
|
|
29 |
17% |
|
Louisiana |
|
|
|
|
|
|
27 |
16% |
During the same time, the combined tropical
storm and hurricane (category 1-5) strike rate within 100 miles of
Corpus Christi provides a better indicator of what to expect locally
as shown below.
|
Storm Type |
Jun |
Jul |
Aug |
Sep |
Oct |
Total |
|
Tropical Storms |
8 |
4 |
2 |
8 |
1 |
23 |
|
Hurricanes (1-5) |
5 |
2 |
5 |
4 |
1 |
17 |
|
Monthly
Percent |
33% |
15% |
17% |
30% |
5% |
100% |
From 1900-2000 only 7 major (category 3-5)
hurricanes have struck within 100 miles of Corpus Christi and all of
these were in August or September. Each of these major hurricanes
are ranked by the NHC among the 65 most intense and half of these
also have additional NHC distinction. Vital statistics on these
hurricanes are shown below.
|
Year |
Month |
Name |
Category |
65 Most
Intense
|
30 Most
Costly
|
30 Most
Deadly
|
Strike
Pressure |
Strike
Wind (mph) |
Max wind
(mph) |
|
1919 |
9 |
None |
4 |
#4 |
|
#3 |
927mb |
75 |
140 |
|
1961 |
9 |
Carla |
4 |
#7 |
#21 |
#24 |
931mb |
145 |
170 |
|
1970 |
8 |
Celia |
3 |
#18 |
#25 |
|
945mb |
125 |
160 |
|
1980 |
8 |
Allen |
3 |
#18 |
|
|
945mb |
115 |
190 |
|
1933 |
9 |
None |
3 |
#31 |
|
#27 |
949mb |
100 |
125 |
|
1967 |
9 |
Beulah |
3 |
#33 |
|
|
950mb |
105 |
145 |
|
1999 |
8 |
Bret |
3 |
#37 |
|
|
951mb |
110 |
125 |
Historically South Texas has experienced 10%
of the major (3-5) hurricane strikes on the US mainland. While no
category 5 storms have made landfall within 100 miles of this area,
there have also been numerous other tropical storms.
The 1919 hurricane
was a direct strike, most intense and deadly with the highest tides
at 16 feet above mean sea level. The 1933 hurricane was also
intense and deadly, making landfall closer to Brownsville. Allen
was unusually fast moving (15-20 knots) with the second lowest
pressure ever in the Atlantic, Caribbean and Gulf. Allen reached
category 5 three times before making landfall between Corpus Christi
and Brownsville with an estimated 15 foot tidal surge. Beulah
struck closer to Brownsville, recorded the second lowest pressure
(923mb) ever in the Gulf with 7 foot tides in Corpus Christi. Bret
was considered small, making landfall between Corpus Christi and
Brownsville as the first strike of any significance since the island
development in Corpus Christi has taken place. Carla was the most
significant, ranking on all NHC measures. Carla made landfall at
Port Lavaca and tides at Port Aransas were 10.9 feet. Celia was
also small, fast moving and a direct hit at Aransas Pass with 9.2
foot tides at Port Aransas. Celia was also the most costly Texas
coast and last strike here of any major consequence. The most
unique feature about Celia was the rapid intensification (39mb
pressure drop 15 hours before landfall) which was not forecast and
160 mph peak wind gusts from the West during landfall was also
unusual.
So what good does all this do anyone? None
probably, this area is always susceptible to tropical storms or
hurricanes any month of the season. Some tropical storms have
caused more problems than hurricanes so the risk is not necessarily
lower. The data available and forecast techniques can be used to
make educated guesses and some historical basis may give comfort or
concern. One thing for certain, a major strike is long overdue for
this area, it’s just a matter of when. Advanced planning,
preparation and early evacuation are definitely the safest way to
weather these storms. Several hurricane strikes since 2000 have
been significant, especially in Florida and now Katrina in
Louisiana. Many of the major hurricanes during the past 5 years
will likely lower the NHC rankings especially the most costly
distinction measure.