partner login

BMS News

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

BMS Tropical Update: 10/11/2018 11 AM CDT

By: - October 11th, 2018

Hurricane Michael became the most intense hurricane on record to strike the Florida Panhandle when it made landfall at 1:00 p.m. CDT on Wednesday. It will also be among the most intense hurricanes to ever have hit the U.S. At landfall, the storm’s 155 mph peak winds ranked fourth highest […]

Read More

BMS Tropical Update: 10/10/2018 11 AM CDT

By: - October 10th, 2018

Based on the National Hurricane Center’s (NHC) 5:00 a.m. advisory, Hurricane Michael’s pressure had fallen 36 millibars in 25 hours and the wind speed had increased 46 mph over the same timeframe. Having moved into an ideal environment for maximum intensity, with little wind shear, warm water, and a moist […]

Read More

BMS Tropical Update: 10/09/2018 11 AM CDT  

By: - October 9th, 2018

Just two years ago we were talking about Hurricane Hermine breaking the 11-year hurricane drought in Florida. With all of the recent U.S. hurricane activity, it’s easy to forget that this drought even occurred, but let’s remember that there are large gaps of the U.S. coastline that have not experienced […]

Read More

BMS Tropical Update 10/08/2018 10 AM CDT

By: - October 8th, 2018

Twenty-one days ago, I made mention that the Atlantic Hurricane Season was not done yet and, overall, the tropical troubles in the Atlantic Ocean would be shutting down for a few weeks. This has been the case for the most part, with very few of the named storms since Florence […]

Read More

BMS Tropical Update 9/17/2018 12 PM CDT

By: - September 17th, 2018

Florence Event Summary Tropical Depression Florence is now transitioning to a non-tropical weather system, but it‘s still dumping rainfall over North Carolina and Virginia. As the historic rains and flooding slowly ease up along the North Carolina coast and the population is gradually let back into their communities, the insurance […]

Read More