January 2017 Preview: Historical Catastrophe Activity

JanHistoricalData

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 January between 2007 and 2016, including 10 winter storms and six wind and thunderstorm events. Last January, we saw the […]

December 2016 Preview: Historical Catastrophe Activity

DecemberHistoricalData

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 post. As winter approaches, we note that the month of December has brought 11 PCS-designated catastrophes since 2006. Those events generated approximately 490,000 […]

November 2016 Preview: Historical Catastrophe Activity

HistoricalData

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, South Carolina, and Virginia between August 31 and September 4 and resulted in approximately $245.6 million in insured losses. The other tropical […]

October 2016 Preview: Historical Cat Activity

October

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 generally tends to be less active, there have been 19 PCS-designated catastrophes in the month of October in the past ten years. […]

September 2016 Preview: Historical Catastrophe Activity

September

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 far. The most significant tropical event that occurred within the past ten years took place in September 2008, Hurricane Ike. That […]

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 bombing. According to Verisk Maplecroft, 154 terror events have occurred in Turkey this year, with 346 fatalities and 1,140 […]