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BMS News

Decade In Review

By: - December 30th, 2019

Ending a calendar year provides a great opportunity to officially close the book on a specific period of time and review what has happened. We’ve grown accustomed to seeing annual reviews of the things that have shaped a year as it closes, but we get the opportunity to reflect on […]

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2019 Atlantic Hurricane Summary

By: - December 11th, 2019

Was the 2019 Hurricane Season Active or Not? The six-month 2019 North American hurricane season is officially in the books and it was an active one in terms of named storm counts, with the majority of activity coming in the typical mid-August and mid-October periods. The season ended with 18 […]

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Australian Catastrophic Events In The Spotlight

By: - December 6th, 2019

Australia has been the recent focus of global media attention due to the severe bush fires and hail storms that occurred over the Australian spring months. However, questions remain if the impact to the Australian insurance industry will continue into the summer months, and if there should be heightened concern […]

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California Wildfires October 2019

By: - October 30th, 2019

What Is The Concern For The Insurance Industry? Like clockwork, it’s wildfire season again in California, and it appears to have the insurance industry on edge for good reason. The last two years have been extremely destructive, with insured losses reaching over $30B and, according to Milliman, wiping out about […]

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BMS Tropical Update Oct 17th 10:00 am CDT

By: - October 17th, 2019

With each passing day in October, the chance of a U.S. landfalling named storm decreases.  In fact, since 1900, only 16 named storms have made landfall in the U.S. after October 17, but that also means that a large loss to the insurance industry is still possible.  In fact, the […]

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BMS Tropical Update Sept 13th 10:00 am CDT

By: - September 13th, 2019

No Rest for the Weary The Atlantic hurricane season is far from over.  In fact, we are just a few days removed from the peak of the season.  As mentioned in the September 6th BMS Insight, I anticipated the insurance industry would have a solid seven days of rest, but […]

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BMS Tropical Update Sept 6th 12 pm CDT

By: - September 6th, 2019

To think, two weeks ago today the NHC first circled a tropical wave 1,400 miles east of the Windward Islands. This tropical wave would become Dorian and result in one of the strongest storms ever recorded globally.  The impact on the Carolinas has largely been limited to coastal areas, and […]

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BMS Tropical Update Sept 5th 11 am CDT

By: - September 5th, 2019

After nine days and well over 10,000 words written in these BMS Tropical Updates, it appears that the end is in sight, but not before the biggest impacts from Dorian are felt by the insurance industry.  Interestingly, though, it seems that interest on social media and other mainstream media regarding […]

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BMS Tropical Update Sept 4th 10 am CDT

By: - September 4th, 2019

Florida Impacts For the last several days, I have been suggesting Matthew in 2016 would be one of the better analog events to help understand Dorian’s potential impacts.  Now 90 miles east northeast of Dayton Beach, Florida with winds of 105 mph, Dorian is on par with the strength of […]

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BMS Tropical Update Sept 3rd 10 am CDT

By: - September 3rd, 2019

Forever changed After pummeling the Bahamas for the last 48 hours, the images now surfacing verify that the northern islands have been devastated and may take years to recover. Hopefully, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) will help with rapid infusion of cash to assist with immediate post-disaster priorities, […]

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