Risk Management

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 the month of Januar...

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 Matthew in our previous...

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, Maryland, North Carolina...

MVICS Discontinued

The Connecticut Department of Motor Vehicles no longer requires auto insurers to file reports through its legacy Motor Vehicle Insurance Compliance Reporting System (MVICS). The state DMV suspended the legacy system...

October 2016 Preview: Historical Cat Activity

As October approaches, so does the end of peak hurricane season, however, insurers should still be vigilant and prepared to assist policyholders in the event of a late-season disturbances. While the fourth quarter...

Tennessee making final push for full implementation of EIVS

Tennessee announced progress in its goal to have all carriers submit their Book of Business (BoB) files to its Electronic Insurance Verification System (EIVS) by Oct. 1, 2016. The state established the Oct. 1 deadline...

September 2016 Preview: Historical Catastrophe Activity

Traditionally, the Atlantic hurricane season runs from June 1 to November 30. While forecasters have predicted a relatively normal hurricane season for this year, there have been five named storms in the Atlantic thus...

PCS-Mobile now available for Android and iPhone

PCS-Mobile is now available for Android as well as iPhone users. The app gives claims professionals convenient access to real-time information about catastrophes and impending severe weather events. PCS-Mobile provide...

FireLine Examines the Erskine Wildfire

To date, wildfires in California this season have burned more than 150,000 acres, and—with five major wildfires burning at this writing—that number continues to grow. California seems poised for yet another year of...

PCS Terror Index: What You Need to Know

Unfortunately, 2016 has been an active year for terror. Year to date, two incidents in the United States have led to 49 fatalities. Turkey has suffered more than the recent attempted coup d’etat and Ataturk airport...