Property Claim Services News

Insurers May Rethink Property Risk After Unprecedented Losses From Riots

The civil disturbance that started in Minneapolis after the killing by police of George Floyd spread to 20 other states — an unprecedented property insurance catastrophe that will likely impact policy renewals and could even persuade some insurers to exclude …

Catastrophe Losses Total $8.1B Year to Date

Seventeen second-quarter catastrophe events in North America led to $5.3 billion in insured losses, according to Property Claim Services, a Verisk Analytics business. First-half catastrophe losses came to $8.1 billion from 26 events. PCS has published its full North American …

Superstorm Sandy One Year Later

Almost a year ago to the day, Superstorm Sandy struck a dozen states in the Northeast resulting in nearly $18.75 billion in auto, homeowners and business insurance claim payouts, according to ISO’s Property Claim Services. Simulated weather events and coverage …