Catastrophe Losses

The National Hurricane Center says a named storm forms in the Atlantic Basin in June once every other year.

June brings hurricane season to the Atlantic basin, where the season begins officially on the first of the month and continues through the end of November.

Claims teams are preparing for the unpredictable next few months. Significant catastrophe activity has occurred during the month of May.

Since 2007, PCS has designated 41 catastrophes in the month of April, an average of just fewer than four per month.

Since 2007, the average catastrophe frequency for the month of March is 3.2 events, with 220,000 claims generating $1.4 billion in industry losses.

It’s midwinter in the Northern Hemisphere, and we’re looking ahead to February with a review of historical catastrophe activity.

With winter on its way, we look ahead to January cat event risks. Catastrophic January storms since 2007 have caused nearly $5.9 billion in insured losses.

The 2016 hurricane season ended November 30 with two PCS® catastrophe designations from Atlantic Basin hurricanes that made landfall in the United States.

The 2016 hurricane season will come to an end on November 30. So far this year, two catastrophes have been designated as tropical events.

As October approaches, so does the end of peak hurricane season, however, insurers should still be vigilant.

While forecasters have predicted a relatively normal hurricane season for this year, there have been five named storms in the Atlantic thus far.

PCS Mobile gives claims professionals convenient access to real-time information about catastrophes and impending severe weather events.

The most active years for August catastrophe events were 2007, 2008, and 2013 with four catastrophe storm designations.

Taking a look at significant weather activity in 2016 to date, we saw a rare January hurricane, Alex, as well as Tropical Storm Bonnie in May.