RMA - Risk Management Agency

04/25/2025 | Press release | Distributed by Public on 04/25/2025 14:28

Hurricane Insurance Protection Wind Index (HIP WI) Updated National Oceanic and Atmospheric Administration (NOAA) International Best Track Archive for Climate Stewardship[...]

Date
April 25, 2025
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator /s/ John W. Underwood for
Subject
Hurricane Insurance Protection - Wind Index (HIP-WI) Updated National Oceanic and Atmospheric Administration (NOAA) International Best Track Archive for Climate Stewardship (IBTrACS) for the 2024 Season

On April 21, 2025, the International Best Track Archive for Climate Stewardship (IBTrACS) updated the dataset for the 2024 hurricane season in the north Atlantic basin. In accordance with Section 8(d) of the HIP-WI Endorsement and the Hurricane Data Provisions, the Risk Management Agency (RMA) reviewed the NOAA IBTrACS dataset for all cyclones in the 2024 season and performed a re-analysis. By close of business today, the approved counties will have an updated payment flag and triggering event date available in the Actuarial Information Browser (AIB) and Actuarial Data Master (ADM) in the following formats:

The following counties triggered for payment under the Tropical Storm Option.

Cyclone State County
Debby, 2024 Georgia Richmond*
Francine, 2024 Mississippi Jackson*
*Adjacent County

The following counties triggered for payment under the HIP-WI Endorsement.

Cyclone State County / Parish
Beryl, 2024 Texas Bee* Nueces* San Patricio*
Francine, 2024 Louisiana Livingston* St Tammany* Tangipahoa*
Milton, 2024 Florida Martin* Palm Beach*
*Adjacent County / Parish

Helene was previously updated, and the re-analysis documented in PM-25-021.

Attachment A provides a map of the Reinsurance Year (RY) 2024 county triggers for Beryl. Attachment B provides a map of the RY 2024 county triggers for Debby. Attachment C provides a map of the RY 2024 county triggers for Francine. Attachment D provides a map of the RY 2024 county triggers for Milton. Additional information on the policy, including frequently asked questions, videos, and a fact sheet, is available at Hurricane Insurance Protection - Wind Index (HIP-WI).

DISPOSAL DATE:
December 31, 2025

Attachment A | Attachment B | Attachment C | Attachment D | Text