Property Claims Services (PCS) News

Catastrophe Bond Issuance Tops New Record of $10.5B in 2017: Verisk Report

Catastrophe bond issuance surpassed $10.5 billion in 2017 – a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are significantly higher than the last record – 2014’s $7.8 …

Ohio Insurer Group: April Storm Losses Estimated at $52.6–57.8M

The Ohio Insurance Institute reports that an early April storm that caused significant property losses in Ohio and several other states, caused as much as $57.8 million in insured losses in Ohio alone. According to the OII and Property Claim …

PCS Shows How Cat Loss Estimates are Made, and Why They’re Important

The Property Claims Services (PCS) unit of Verisk Insurance Solutions could be described as the ultimate end product of risk modeling. AIR Worldwide is also part of Verisk, but “there’s a high wall between the two,” said Joe Louwagie, CPCU, …