Weather

How Dual Pol Radar Works Better for Hail Maps

A New Era of Hail Detection From 2011 into 2013, the entire contiguous United States radar network was upgraded to dual-polarization technology. For the radars, this simply meant that instead of emitting solely...

March 2015 Preview: Historical Catastrophe Activity

During the month of March between 2005 and 2014, Property Claim Services ® (PCS ® )  designated 28 catastrophe events. All were weather-related and caused approximately $12.5 billion in insured losses. The largest Mar...

2014 Weather-Related Catastrophes in Review

In a recent A.M. Best episode entitled “2014 Was a Surprising Year for Natural Catastrophes,” Ted Gregory, Manager at Property Claims Services ® (PCS ® )  and Carl Hedde, Head of Risk Accumulation at Munich Re America...

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...

Reconstruction Costs Up Sharply across the United States and Canada

The latest reports of the 360Value® Overview of Property Reconstruction Cost Changes show reconstruction costs are higher in the United States and Canada compared with the same time last year. In the United States, 47...

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...

More than 30 Percent of Claims are Misclassified: Hail Example

A Costly Claims Mistake In a typical year, around 5 percent of homeowners file a weather-related insurance claim in the United States. One of the most common perils filed is that of hail damage. Hailstorms can occur...

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 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...