Weather

PCS 2013 Catastrophe Bond Market Update: Trend Tracking

The growth and maturation of the catastrophe bond market in 2013 provide a sense of its direction in 2014. Rather than continued issuance increases for common risks (such as U.S. wind), it appears that the market has...

More Than 4.5 Million Households at High or Extreme Risk from Wildfire

In each of the past four years, wildfires destroyed hundreds of homes and cost insurers hundreds of millions of dollars in claims. Although California has the most households at high or extreme risk from wildfires and...

How to Mitigate Supply Chain Risk: Cover Your Second-Tier Suppliers

As supply chains increasingly extend across regional and continental borders and manufacturers become dependent on other firms to provide components of their end products, companies need to protect their operations,...

Wildland Fire Potential for Fall 2013

On September 1, 2013, the National Interagency Fire Center (NIFC) issued its National Significant Wildland Fire Potential Outlook for the remainder of 2013. The outlook provides an assessment of current weather and...

Advancing Alternative Energy Sources

As electricity costs rise and environmental concerns grow, solar power is becoming an increasingly attractive energy source. According to the International Energy Agency, solar photovoltaic technology could represent ...

Proactively Monitoring Wildfires in the West

The 2013 wildfire season in the western United States is looking to be a difficult one, fueled by a combination of factors, including a drier-than-normal preceding winter, generally drier vegetative fuels, and warmer...

Five ILW Tips for the Florida Reinsurance Renewal

The Florida reinsurance renewal is still a few months away, but it’s already becoming a hot topic. A flurry of industry loss warranty (ILW) issuance activity is likely this month as carriers line up their reinsurance...

Five Insights into the PCS Catastrophe Loss Process

Do you know how Property Claim Services ® ( PCS ® ) develops catastrophe loss estimates? We’re ready to help. Download our new guide to the PCS catastrophe loss estimate process now to get started. In the new guide,...

Five ILS Market Considerations for 2013

The new year may have only just begun, but that’s unlikely to slow speculation about what lies ahead. Will 2013 rival 2012, or will we see a post-spike dip as we did in 2011? Several factors are poised to influence...

Big Data, Catastrophe Losses, and Insurance Industry Disruption

Is disruption coming to the property/casualty insurance industry? According to a new report from Novarica, five factors may bring change to the sector, with “Big Data and analytics” and “catastrophe losses” among them...