CAT 59: Upstate New York enveloped in snow

By Ted Gregory December 8, 2014
Courtesy of independent adjusting firm NCA Group

Courtesy of independent adjusting firm NCA Group

Courtesy of independent adjusting firm NCA Group

Courtesy of independent adjusting firm NCA Group

The media was on fire covering the historic, record-breaking snowfall in Buffalo, New York, recently. The event, which began November 17 and ended November 19, is anticipated to cause at least $25 million in insured losses, which prompted Property Claim Services (PCS) to designate it a catastrophe. CAT 59 includes losses on the dates associated with the initial storm front, which produced the greatest snow impact.

However, the dates through which the initial storm front occurred may not align with all weather-related claims. Damages often manifest much later than the storms that caused them. For example:

  • In January 2014, winter storms caused a hard freeze that in turn caused pipes to rupture. Damages did not become apparent until thawing occurred days or weeks later.
  • Also, heavy snow sometimes does not manifest itself in roof collapse damage for days or weeks after an event.

PCS is dedicated to consistency in the way it designates weather-related catastrophes. With CAT 59, we followed a historical standard of the widest date range for the most applicable storm front. For more information, please contact me at 201-469-3144 or tgregory@verisk.com.


Ted Gregory

Ted Gregory is manager, Property Claim Services (PCS). PCS is a Verisk Analytics (Nasdaq:VRSK) business.