Reinsurance

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.

The 2016 hurricane season ended November 30 with two PCS® catastrophe designations from Atlantic Basin hurricanes that made landfall in the United States.

The 2016 hurricane season will come to an end on November 30. So far this year, two catastrophes have been designated as tropical events.

As October approaches, so does the end of peak hurricane season, however, insurers should still be vigilant.

While forecasters have predicted a relatively normal hurricane season for this year, there have been five named storms in the Atlantic thus far.

Unfortunately, 2016 has been an active year for terror.

The most active years for August catastrophe events were 2007, 2008, and 2013 with four catastrophe storm designations.

Taking a look at significant weather activity in 2016 to date, we saw a rare January hurricane, Alex, as well as Tropical Storm Bonnie in May.

A survey of industry participants on how they plan and respond to commercial lines catastrophe claims.