Property Claim Services

Blockchain: Getting Smarter than Smart Contracts

Admittedly, my interest in blockchain has been fairly narrow. Given the role of PCS® in the global industry loss warranty ( ILW ) market, I’ve been particularly focused on how blockchain-enabled...

Will Catastrophe Bonds Experience a “Retail Revolution”?

During a track at the IFoA Asia Conference 2018 last week, a speaker laid out a “future state” vision that included access to insurance-linked securities (ILS)—or at least some version of ILS—for...

September 2017 Preview: Historical Catastrophe Activity

The Atlantic hurricane season traditionally runs from June 1 to November 30. While forecasters have predicted a relatively normal hurricane season for this fall, the season is already on pace with...

August 2017 Preview: Historical Catastrophe Activity

With summer well underway, beachgoers may welcome the warming Atlantic Ocean temperatures. But warm water and other factors have led researchers to update their 2017 hurricane forecasts since our...

July 2017 Preview: Historical Catastrophe Activity

Summer has come to the northern hemisphere, and last ten years have seen July losses from wildfire, hurricane and other storm events. From 2007-2016, PCS designated 33 catastrophic events in this...

March 2017 Preview: Historical Catastrophe Activity

Property Claim Services ® (PCS ® ) has designated 32 weather-related catastrophe events for the month of March between 2007 and 2016. Those events caused approximately $14.3 billion in insured loss...

February 2017 Preview: Historical Catastrophe Activity

It’s midwinter in the Northern Hemisphere, and we’re looking ahead to February with a review of historical catastrophe activity. In the ten years from 2007 through 2016, PCS® designated 28...

January 2017 Preview: 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. PCS has designated 16 catastrophes during...

December 2016 Preview: Historical Catastrophe Activity

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

November 2016 Preview: Historical Catastrophe Activity

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