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Insurance industry impacts to upgrading Michael to a Category 5

By: - June 24th, 2019

When Hurricane Michael made landfall on October 11th 2018, it had a central pressure of 919mb, which is the third lowest pressure of any U.S. landfalling hurricane. Yet, at the time, the storm was classified on the Saffir Simpson Hurricane Scale as a Category 4 hurricane with winds of 155 […]

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BMS 2019 Atlantic Hurricane Season Update

By: - June 3rd, 2019

The Season Has Begun There has undoubtedly been a lot of attention given to severe weather across much of the U.S. since the end of April, but in the meantime, the Atlantic hurricane season has arrived. In fact, most people may not have noticed that the Atlantic Basin already had […]

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The Makings of a Disastrous Hail Storm

By: - May 28th, 2019

There have been several big hail losses to the insurance industry over the last several years in fairly predictable locations. In 2016, three separate large loss hail events in the span of 10 days impacted several communities in Texas. The front range of the Rockies, including the Denver area, has […]

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Approaching the peak of the severe weather season

By: - May 6th, 2019

This BMS Insight will summarize the status of severe weather across the country so far this year and what can be expected as we move into the peak of the season. Typically, Local Storm Reports for tornadoes peak in the middle of May, which is a bit early in the […]

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March 3, 2019 – Severe Weather Outbreak

By: - March 4th, 2019

The familiar saying is that March can start in one of two ways: like a lion or a lamb. Unfortunately, this year it has come in roaring like a lion, with the occurrence of a very active outbreak of severe weather that has moved across the southeastern U.S., spawning numerous […]

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Winter Weather and Hidden Issues for the Insurance Industry

By: - January 29th, 2019

It was not long ago that the insurance industry suffered a $2.4B industry loss from the harsh winter of 2013/2014, when “Polar Vortex” became a household word after the major cold snap of January 5-8, 2014 gripped the nation. Subsequent winters have totaled over $7B of loss, but there still […]

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Summary of Loss Trends

By: - January 15th, 2019

It’s nearly that time of year again when report after report will be issued summarizing the insured losses and economic impact that we saw in 2018. In fact, just last week Munich Re released its annual Natural Catastrophe Review showing that 2018 saw substantial disasters with large costs. However, global […]

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Bust or Not? Seasonal Hurricane Forecasts for 2018

By: - November 30th, 2018

Predicting a hurricane season is risky business, and a few egos may have taken blows this past season. That is, at least until April when the majority of 2019 Atlantic Named Storm forecasts will be made and the 2018 Atlantic season becomes a distant memory. Almost all hurricane predictions from […]

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A Second Severe Weather Season

By: - November 14th, 2018

Severe weather outbreaks are synonymous with the spring season, but there is an ever-so-slight increase in activity in the fall as well. As the days grow shorter and the weather turns cold, the insurance industry needs to remain on guard, as this is the height of the second severe weather […]

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BMS Wildfire Update Nov 9th

By: - November 9th, 2018

California’s typical wildfire season takes place in the fall, with the majority of large insured loss events occurring in October. Of the 27 large insured wildfire losses occurring in California since 1964, 16 have occurred in the months of October, November and December, and have accounted for 87% of the […]

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