Property Claim Services

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    Posts by Property Claim Services

    April 2017 Preview: Historical Catastrophe Activity

    April is an active month for violent tornadoes, though overall tornadic activity typically peaks in May and June. We saw more violent tornadoes—EF4 and EF5—in April than any other month from 1950 through 2013. The past decade saw an average of 267 U.S. tornadoes in April. The April 2011 tornado outbreak is ranked as the […]

    March 2017 Preview: Historical Catastrophe Activity

    Property Claim Services® (PCS®) has designated 32 weather-related catastrophe events for the month of March between 2007 and 2016. Those events caused approximately $14.3 billion in insured losses and resulted in 2.2 million claims. The largest designated March event in the past ten years was CAT 67, a 2012 winter storm. The catastrophe involved six […]

    February 2017 Preview: Historical Catastrophe Activity

    It’s midwinter in the Northern Hemisphere, and we’re looking ahead to February with a review of historical catastrophe activity. In the ten years from 2007 through 2016, PCS® designated 28 catastrophes during the month of February. These included 26 weather-related events and two workers’ compensation events, which together caused approximately $9.8 billion in insured damages […]

    December 2016 Preview: Historical Catastrophe Activity

    The 2016 hurricane season ended November 30 with two PCS® catastrophe designations from Atlantic Basin hurricanes that made landfall in the United States. We discussed Hurricanes Hermine and Matthew in our previous post. As winter approaches, we note that the month of December has brought 11 PCS-designated catastrophes since 2006. Those events generated approximately 490,000 […]

    November 2016 Preview: Historical Catastrophe Activity

    The 2016 hurricane season will come to an end on November 30. So far this year, two catastrophes have been designated as tropical events. Hurricane Hermine affected Delaware, Florida, Georgia, Maryland, North Carolina, South Carolina, and Virginia between August 31 and September 4 and resulted in approximately $245.6 million in insured losses. The other tropical […]

    October 2016 Preview: Historical Cat Activity

    As October approaches, so does the end of peak hurricane season, however, insurers should still be vigilant and prepared to assist policyholders in the event of a late-season disturbances. While the fourth quarter generally tends to be less active, there have been 19 PCS-designated catastrophes in the month of October in the past ten years. […]