Catastrophes

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5/11/2020 - 1 min read

May 2020 preview: Historical catastrophe activity

Last year was the most active May in the decade with seven catastrophes totaling more than $5.8 billion in insured losses.

5/6/2020 - 4 min read

Commercial properties may be shut, but it’s open season for spring flooding

The COVID-19 pandemic has the full attention of commercial insurance policyholders, but an active spring flooding forecast still presents a range of threats.

4/8/2020 - 1 min read

April 2020 preview: Historical catastrophe activity

With the start of spring, we look ahead to April and warmer weather, which often translates to more wind and thunderstorm activity. PCS® has designated 50 April catastrophes since 2010, which have resulted in approximately $41 billion in insured losses and more than 5.6 million claims.

3/5/2020 - 2 min read

As another wildfire season nears, explore best practices now

Recent years’ wildfire activity underscores how dynamic the risk can be as property insurers gear up for the 2020 season. Verisk’s FireLine tool can help.

3/2/2020 - 1 min read

March 2020 preview: Historical catastrophe activity

Though winter begins to wind down in March, major storms remain a possibility along with other severe weather. In fact, last year PCS® designated one winter storm and three wind and thunderstorm events in March. The four catastrophes combined for 247,650 claims with $2.26 billion in insured losses.

2/3/2020 - 1 min read

February 2020 preview: Historical catastrophe activity

February can be an active month for catastrophes, with the threat of winter storms and wind and thunderstorm events.

1/13/2020 - 5 min read

Wildfire around the world: A threat without borders

Firefighters around the world are struggling with wildfire seasons that seem to grow longer and more destructive every year.

12/5/2019 - 3 min read

Wildfires Drive California Maintenance Higher

California housing activity experiences notable growth in wildfire-impacted regions. Verisk analyzes increases in housing activity in these areas.

12/2/2019 - 2 min read

December 2019 preview: Historical catastrophe activity

December traditionally experiences catastrophes from wind and thunderstorm events or winter storms, but in recent years, wildfires have been a growing threat.

11/5/2019 - 1 min read

November 2019 preview: Historical catastrophe activity

With hurricane season ending officially on November 30, we look ahead to the potential catastrophe risks for the month.

10/30/2019 - 3 min read

Kincade, Tick, and Getty Fires spread damage in California

Three major wildfires caused damage and widespread evacuations in California. Verisk has preliminary analysis of the risk distribution in affected ZIP codes.

10/3/2019 - 1 min read

October 2019 preview: Historical catastrophe activity

October marks the end of peak hurricane season. While the fourth quarter generally tends to be less active than the third, insurers should still be vigilant in preparing to assist policyholders in case of late-season events.

9/16/2019 - 2 min read

Addressing the global catastrophe protection gap

The “protection gap” illustrates insurers’ potential for growth and society’s need for protection. Learn more in AIR Worldwide's Global Modeled Catastrophe Losses report.

8/5/2019 - 1 min read

2019 August preview: Historical catastrophe activity

For the second straight year, the Atlantic hurricane season had an early start with Subtropical Storm Andrea in May and Hurricane Barry in July, which was a PCS®-designated catastrophe exceeding $25 million in insured losses.

7/1/2019 - 1 min read

July 2019 preview: Historical catastrophe activity

As we head into the summer months—and deeper into Atlantic hurricane season—we examine recent catastrophe trends for July.