Catastrophes

Top 5 ILS Trends from 2014

The rapid growth of the catastrophe bond market can be attributed to many factors, some of which extend back for years. However, PCS sees five trends as instrumental in shaping 2014, contributing to increased ILS use...

Video: 2014 cat bonds in review, 2015 off to a great start

In a recent A.M Best video interview, Tom Johansmeyer, AVP, Reinsurance Services at ISO, discusses property and catastrophe bond and cat bond lite transactions  in 2014 and the transition to 2015.  The video also...

Cat Bond Lite: A Rapid Start to 2015

The insurance-linked securities (ILS) market appears to have seen the value of the “cat bond lite” structure. At least, that’s what 2015 issuance activity indicates. Sponsors have completed nearly $150 million in...

February 2015 Preview: Historical Catastrophe Activity

From 2005 through 2014, Property Claim Services ® (PCS ® ) designated 24 catastrophes during the month of February, including 22 weather-related events and two workers' compensation events. February storms during that...

PCS to Modify Catastrophe Code Format

Property Claim Services ® (PCS ® ) currently designates catastrophes using a two-digit sequential code from 11 through 99. Based on feedback from our user community, we plan to implement a four-digit code on January 1...

January 2015 preview: Historical catastrophe activity

Since 2005, PCS has designated 17 catastrophes during the month of January, including 12 winter storms and four wind and thunderstorm events. January storms during that period caused $6 billion in insured losses. The...

FLASH 2014: Revelations around resilience

Recently, ISO Community Mitigation manager Ralph Dorio and I attended the 2014 FLASH Annual Conference in Orlando, Florida. FLASH , the Federal Alliance for Safe Homes, is one of the country’s leading nonprofit consum...

CAT 59: Upstate New York enveloped in snow

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...

PCS Canada-Mobile Launches

Property Claim Services ®  (PCS ® ) thoroughly investigates and collects data on disasters in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. We’ve launched a new mobile application, PCS...

PCS Catastrophe Update: U.S. and Canada

So far this year, North American catastrophe activity has caused nearly $14 billion in insured losses, according to the Small Rise: PCS Q3 2014 Catastrophe Review report , the latest quarterly catastrophe update from...