January 2016 Preview: Historical Catastrophe ActivityBy Ted Gregory | December 30, 2015
Property Claim Services® (PCS®) has designated 15 catastrophes, 11 winter storms, and four wind and thunderstorm events during the month of January since 2006, resulting in $5.7 billion in insured losses.
The largest January winter storm since 2005 was CAT 32 in 2014, which involved a polar vortex. PCS included 17 states in the catastrophe designation, resulting in an estimated $1.7 billion in insured losses.
Two winter storm catastrophe events from January 2014 resulted in nearly $1.9 billion in insured losses and 185,000 claims.
The most active years for January catastrophe frequency were 2006, 2007, 2008, 2010, and 2014, with two catastrophes each year.
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