Catastrophe Serial Numbers

How do you track catastrophes?

To standardize the process, Property Claim Services® (PCS®) has defined catastrophes in the United States, Puerto Rico, and the U.S. Virgin Islands as events that cause $25 million or more in direct insured losses to property and affect a significant number of policyholders and insurers.

PCS investigates loss events in those regions to determine whether the damage meets the threshold necessary. Once it determines that an event is a catastrophe, PCS assigns each a serial number recognized throughout the insurance industry.

With that number, insurers track losses and reserves related to a single discrete event. In addition, many reinsurance contracts use PCS serial numbers to determine which losses will trigger reinsurance coverage. Our long-standing reputation for accurately defining and tracking catastrophes reduces disputes between primary insurers and reinsurers, saving the industry millions of dollars in staff and legal expenses each year.

PCS catastrophe serial numbers are an industry standard, available to all PCS subscribers. Take action now to gain access to this important resource.

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