Weather

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...

Evolving August Catastrophe Landscape

Hurricane season tends to define a year’s catastrophe results. Last year, for example, only two tropical storms made landfall, contributing to a quiet year overall. In 2004, however, Hurricane Charley, an August event...

PCS to Include Verisk Climate Respond Peril Maps

Property Claim Services ® (PCS ® ) has implemented an enhancement for ISOnet ® PCS users. Starting April 1, 2014, PCS catastrophe designation and loss estimate bulletins may include analysis maps of affected areas. Th...

PCS Q1 2014 U.S. Catastrophe Review

In the first quarter of 2014, Property Claim Services ® (PCS ® ) designated six catastrophe events that resulted in $2.2 billion in insured losses. Those results are slightly below the ten-year average (2005 to 2014) ...

Index Triggers: Protect Your Competitive Advantage

Fueled by the abundance of capital in the insurance-linked securities (ILS) market, many sponsors have been able to secure favorable rates through indemnity triggers. As a result, sponsors can bypass the basis risk...

Golf Courses Must Also Prepare for Hazards

Tomorrow, some of the best golfers in the world will head to Augusta National Golf Club in Georgia to compete in the first of the sport’s four majors, the historic Masters Tournament. The club has always hosted the...

Sinkhole season: Why now?

Sinkholes can happen any time, but for a number of reasons they’re more prevalent from early spring until late summer — the unofficial Florida “sinkhole season.” The entire state of Florida is vulnerable to sinkholes....

PCS Catastrophe Designation in Indemnity-Triggered Catastrophe Bonds

Indemnity-triggered catastrophe bonds are increasing in popularity, but it’s clear that the insurance-linked securities (ILS) community wants some degree of third-party validation in them. The number of sponsors using...

PCS 2013 Year in Review: 5 Key Insights

Last year could have looked a lot different. Although catastrophe frequency in the United States was slightly above average, insured losses from those events fell just shy of $13 billion, putting the total well below...