Catastrophes

PCS launches new mobile app

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

What to expect from October: Historical cat activity

With October upon us, we’re nearing the end of hurricane season, although insurers should still be fully prepared for the possibility of a late-season catastrophe event. Back in 2012, Superstorm Sandy occurred at the...

Q3 Catastrophe Bond Market Trends Update

We can attribute the rapid growth of the catastrophe bond market to many factors, some of which extend back for years. However, PCS ® sees five trends as particularly important this year, highlighting the expanding...

Not quite the anniversary you had in mind

Marking a 25th anniversary in the rolling hills of Northern California wine country sounds appealing — unless you commemorate that event with a 6.0-plus magnitude earthquake. On August 24, one hit north of San Pablo B...

PCS Pre–Monte Carlo Briefing

The unofficial start of the January 1, 2015, reinsurance renewal season is almost upon us. In a few days, the global reinsurance industry will descend upon Monte Carlo for the annual ritual of 30-minute meetings in...

Hard lessons from the Napa, California, earthquake

The ALERT™ (AIR Loss Estimates in Real Time) sent  by AIR Worldwide, our fellow Verisk Analytics business, regarding the Napa, California, earthquake on August 26 really struck home for me. The initial report and...

PCS Site Visit: American Canyon Earthquake

Last week, I was in Napa Valley conducting site visits of residential and commercial structures following the American Canyon earthquake. I also visited the insurance village at the Red Cross Relief Center in Napa,...

First-Half 2014 U.S. Catastrophe Overview

First-half catastrophe losses reached their lowest level since 2010 in the first half of 2014. Property Claim Services ® (PCS ® ), a division of Verisk Analytics, revealed that U.S. catastrophe losses fell just shy of...

Cat Bond Lite Issuance Continues, 40 Percent Use PCS

Cat bond lite issuance has continued into the third quarter. The latest transaction, index-triggered Dodeka III, brings the year’s total to $242 million  according to Artemis.bm . Sponsors have completed ten cat bond...

Washington State Wildfires: Not a PCS Catastrophe Event

After investigating multiple July wildfire events in Washington State, PCS® has determined that insured losses will not meet the criteria for PCS catastrophe designation. Based on our investigation and conversations...