Catastrophes

September 2017 Preview: Historical Catastrophe Activity

The Atlantic hurricane season traditionally runs from June 1 to November 30. While forecasters have predicted a relatively normal hurricane season for this fall, the season is already on pace with...

August 2017 Preview: Historical Catastrophe Activity

With summer well underway, beachgoers may welcome the warming Atlantic Ocean temperatures. But warm water and other factors have led researchers to update their 2017 hurricane forecasts since our...

July 2017 Preview: Historical Catastrophe Activity

Summer has come to the northern hemisphere, and last ten years have seen July losses from wildfire, hurricane and other storm events. From 2007-2016, PCS designated 33 catastrophic events in this...

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...

U.K. water main break highlights need for basement information

BBC News Report The Angel Islington is a well-known property in U.K. Monopoly, and if you know the area, it’s a short walk up the Pentonville Road from Kings Cross. Situated on a hill, it’s not an...

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 loss...

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...

Four Killer Blockchain Use Cases for Insurance

Is blockchain really a solution in search of a problem ? At first glance, it may appear that way. Aside from developments in the industry loss warranty (ILW) market , clear use cases have been slow...

Are We Missing the Real Blockchain Opportunity for Insurance?

Blockchain has taken the global insurance industry by storm. Insurtech start-ups have begun to probe this emerging technology, and insurers and reinsurers have watched, explored, and tested. So far...

January 2017 Preview: Historical Catastrophe Activity

With winter on its way, we look ahead to January cat event risks. Catastrophic January storms since 2007 have caused nearly $5.9 billion in insured losses. PCS has designated 16 catastrophes during...