History of Florida
Hurricane Andrew in August 1992 struck Homestead, just south of Miami, as a Category 5 hurricane, leaving forty people dead, 100,000 homes damaged or destroyed, more than a million people left without electricity, and damages of $20–30 billion. Much of South Florida's sensitive vegetation was severely damaged. The region had not seen a storm of such power in decades. Besides heavy property damage, the hurricane nearly destroyed the region's insurance industry.
Hurricane Andrew
While Andrew was entering the Gulf of Mexico, oil companies evacuated hundreds of employees from offshore drilling platforms. The storm damaged 241 oil and gas facilities and toppled 33 platforms off the coast of Louisiana, causing significant disruptions in production. Additionally, 83 pipeline segments suffered damage to some degree. The oil industry lost about $12 million per day in the days following Andrew and $4 million daily by three weeks later. Initially, a production loss of 240,000 to 270,000 barrels per day occurred – approximately one-third of production throughout the Gulf of Mexico. Overall, Hurricane Andrew caused about $500 million in damage to oil facilities.