Hurricane Insurance Protection-Wind Index

Background

Since the fall of 2023, the Risk Management Agency (RMA) received helpful feedback on Hurricane Insurance Protection - Wind Index (HIP-WI) Tropical Storm Option (TS). The most common request was for more information about how the policy works. In response, to facilitate increased understanding of HIP-WI and TS, RMA created additional tools for farmers, agents, and Approved Insurance Providers.

Action

Updated tools, including a video and podcast, are available on the RMA website at the links below. Please share these links with your agents and customers.

Background

Adjacent counties for the Hurricane Insurance Program - Wind Index (HIP-WI) are determined in accordance with the definition contained within the HIP-WI Endorsement.

Adjacent county - Counties identified in the US Census County Adjacency File located at www2.census.gov/geo/docs/reference/county_adj acency.txt or successor location, unless modified in the actuarial documents.

In accordance with Section 8(e) of the HIP-WI Endorsement and the Hurricane Data Provisions, the Risk Management Agency (RMA) reviewed the NOAA CPC dataset and preformed a re-analysis of the 2023 cyclones up to September 2, 2023. The approved counties will have an updated payment flag and triggering event date available by close of business today in the following formats:

As of October 02, 2023 the following information is now available on the FTP site:

• 2023 Actuarial Data Master for the 6/30, 11/30, 1/31 Filing Date, YTD, and Daily Files.
• 2024 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

In accordance Section 8 of the HIP-WI Endorsement and the Hurricane Data Provisions, approved counties will have an updated payment flag and triggering event date available by close of business today in the following formats:

Background

When provided in the actuarial documents, the HIP-WI Endorsement is available for both Catastrophic (CAT) and additional coverage for Common Crop Insurance Policy Basic Provisions policies.

The following changes are applicable for the 2024 and succeeding crop years:

On May 15, 2023, the International Best Track Archive for Climate Stewardship (IBTrACS) updated the dataset for the 2022 hurricane season. In accordance with Section 9(d) of the HIP-WI Endorsement and the Hurricane Data Provisions, approved counties will have an updated payment flag and triggering event date available by close of business today in the following formats:

As of April 28, 2023 the following information is now available on the FTP site:

• 2021 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
• 2022 Actuarial Data Master for the 8/31, 10/31 Filing Date, YTD, and Daily Files.
• 2024 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2024 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

As of April 25, 2023 the following information is now available on the FTP site:

• 2023 Actuarial Data Master for the 4/30, 8/31, 1/31 Filing Date, YTD, and Daily Files.
• 2024 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

As of April 04, 2023 the following information is now available on the FTP site:

• 2024 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2024 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

• 2024 Actuarial Data Master are in the References/Actuarial_Data_Master/2024 directory.
• 2024 Special Provisions are in the Special_Provisions/2024 directory.

Additional notes and details regarding this data release: