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Hurricane Insurance Protection-Wind Index

Acronym
HIP-WI

Actuarial Release 24-011

As of April 04, 2024 the following information is now available on the FTP site:

  • 2024 Actuarial Data Master for the 4/30, 1/31 Filing Date, YTD, and Daily Files.
  • 2024 Special Provisions for the 1/31 Filing Date.
  • 2025 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
  • 2025 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

PM-24-018: Hurricane Insurance Protection - Wind Index Tropical Storm Option – Additional Educational Materials Available

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.

PM-24-017: Hurricane Insurance Protection - Wind Index Adjacent County Determination for the 2024 Crop Year

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.

PM-23-0073: Hurricane Insurance Protection - Wind Index (HIP-WI) Updated National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center (CPC) Rainfall Dataset August 2023

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:

Actuarial Release 23-040

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:

PM-23-036: Hurricane Insurance Protection-Wind Index (HIP-WI) Changes Effective for the 2024 and Succeeding Crop Years for Crops with a HIP-WI Contract Change Date of June 30, 2023, or Later

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:

PM-23-026: Hurricane Insurance Protection-Wind Index (HIP-WI) - Updated IBTrACS dataset for 2022 hurricane season

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:

Actuarial Release 23-016

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:

Actuarial Release 23-015

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: