From 2005 through 2015, Property Claim Services® (PCS®) designated 29 catastrophes during the month of February, which included 27 weather-related events and two workers' compensation events, collectively causing approximately $9.5 billion in insured losses.
Designated in 2015, CAT 68 was the largest February winter storm since 2005. This event involved 20 states, generating approximately 217,000 claims and causing an estimated $2.1 billion in insured losses.
February 2015 was also the most active in catastrophe frequency since 2005, with PCS designating five catastrophes. These resulted in approximately $2.9 billion in insured damages and more than 317,000 claims.
Learn about our latest PCS benchmarking report, PCS Personal Lines Catastrophe Claims Planning and Response Report, which includes critical information on how insurers can refine management plans to be better prepared for the next event.