Property Claim Services

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    Posts by Property Claim Services

    June 2017 Preview: Historical Catastrophe Activity

    June brings hurricane season to the Atlantic basin, where the season begins officially on the first of the month and continues through the end of November. Forecasters have called for less-than-average tropical activity this season, and there have been no early hurricanes in 2017. Last year, Hurricane Alex made landfall in the Azores in January—which […]

    May 2017 Preview: Historical Catastrophe Activity

    Claims teams are preparing for the unpredictable next few months. Significant catastrophe activity has occurred during the month of May over the past decade, with two events making the PCS® Top Twenty list. The month also signals the industry that hurricane season is right around the corner. In the ten years from 2007 through 2016, […]

    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 […]