Weather

June 2015 Preview: Historical Catastrophe Activity

The Atlantic hurricane season runs from June 1 through November 30 every year. Although forecasters have predicted below-average activity for this year, we’ve already experienced the first tropical event of the season...

The Science of Perils

The newly released Prometrix ® Peril and Incident Report brings to commercial insurers, for the first time, the most granular and up-to-date analytics on a range of perils – wind, lightning, hail and wildfire – that a...

May 2015 Preview: Historical Catastrophe Activity

To the U.S. insurance industry, the month of May signals that hurricane season is right around the corner — with claims teams preparing for an unpredictable tropical season. Over the past decade, there’s been...

@CatBondCat makes the short list at the U.K. Insurance Marketing Awards

I’m pleased to announce that ISO’s @CatBondCat made the short list for Digital Marketing Campaign of the Year at the first-ever U.K. 2015 Insurance Marketing & PR Awards. Reinsurance digital marketing tends to focus o...

Get Ready for PCS Catastrophe Code Format Modification

In less than a year, Property Claim Services ® (PCS ® )  will modify the format of its catastrophe serial numbers. The change was initiated after many users provided feedback: The two-digit code makes it difficult to...

Cat Bonds and the Hurricane Quarter

Sources: PCS, Guy Carpenter & Company, LLC Historically, second-quarter issuance activity has been high, given the June 1 start of hurricane season. As Florida’s interest in the catastrophe bond sector increases,...

Oklahoma Tornado Assessment by PCS

A severe tornado ripped through the Tulsa, Oklahoma area on March 25 resulting in one fatality and extended property damage. As a result of the storm’s impact, Property Claim Services (PCS) issued a catastrophe...

April 2015 Preview: Historical Catastrophe Activity

Over the past ten years, on average, approximately 236 tornadoes have occurred in April. Historically, between 1950 and 2013, April tends to have more violent tornados — EF4 and EF5 — than any other month. And last...

Cat Bond Lite: Market Curiosity and Growth

WRIN.tv (World Risk and Insurance News TV) caught up with Tom Johansmeyer, AVP Reinsurance Services at ISO, at the IRLS Conference in New York on March 4, 2015, to discuss the latest trend in the linked securities...

A string of winter storms results in multiple PCS catastrophe designations

Property Claim Services (PCS)  diligently monitored winter storm events throughout January and February.  In the past month, consecutive winter storms brought multiple waves of freezing temperatures, ice accumulation,...