partner login

BMS News

50th Anniversary – Insurance Retrospective of May 6, 1965 MSP Tornadoes

By: - May 6th, 2015

50 years ago today, the upper Midwest was devastated by an outbreak of severe weather. A similar storm today would result in what might be one of the largest-ever severe thunderstorm losses to the insurance industry. For four consecutive days in May 1965, severe weather, including 37 significant tornadoes, of […]

Read More

Moore, OK Tornado Frequency

By: - March 26th, 2015

Over the last two days, severe weather has returned to the Central Plains in the U.S. This recent outbreak was by no means historic but it has become the most active severe weather outbreak thus far in 2015, with eight tornadoes, 31 wind reports and 162 hail reports, 13 of […]

Read More

Northeast snowfalls and insured losses

By: - February 9th, 2015

Over a decade ago, there were several claims that “snowfalls are now just a thing of the past.”  Even as recently as February of last year, The New York Times published an article titled “The End of Snow.” These commentaries predicted that snow would soon be a distant memory, and […]

Read More

Insurance Industry Takeaways from 2014 Tropical Season

By: - November 25th, 2014

Now that Arctic air has made its way across a good deal of the lower 48 states and snow had already covered 50% of the nation, the Atlantic hurricane season, and the threat of landfall along the U.S. coastline, is effectively over. The season was forecast to be below the […]

Read More

Unusual Weather we’re Having, Ain’t It?

By: - September 10th, 2014

I have been saving this title for awhile, and with the recent 75th anniversary of the release of The Wizard of Oz, in which the cowardly lion says this line as he notices the fallen snow on the poppy field, I find it a fitting start to a discussion about […]

Read More

Magnitude 6.0 Is Not The Big One

By: - August 27th, 2014

A magnitude 6.0 earthquake is big, but not “The Big One.” This blog looks at some interesting aspects of the recent California earthquake, as well as general issues the insurance industry should consider as we await “The Big One.” The strongest earthquake to strike San Francisco’s Bay Area in 25 […]

Read More

Arthur’s Amazing Facts Are a Positive for the Insurance Industry

By: - July 18th, 2014

Two weeks ago, Hurricane Arthur made landfall along the North Carolina Outer Banks. Arthur was the strongest hurricane to make U.S. landfall since Hurricane Ike in 2008 and was just 13 mph shy of ending the U.S. major hurricane drought. However, the overall impact of Hurricane Arthur was diminished due […]

Read More

The Right Side of a Storm

By: - July 3rd, 2014

The insurance industry often focuses on media graphics that depict a storm’s path and the “cone of uncertainty,” but many of these graphics fail to explain the physical structure of a hurricane. The extent of hurricane damage doesn’t solely depend on the strength of the storm. It is also greatly […]

Read More

Tropical Update: Arthur

By: - July 1st, 2014

With a month of the Atlantic hurricane season in the books, one might think that the quiet Atlantic hurricane season is unusual. Historically, however, the year-to-date Atlantic hurricane season typically only experiences an Accumulated Cyclone Energy (ACE) index value of 1, based on the 1981 – 2010 climatology. Also, on […]

Read More

2014 Atlantic Hurricane Forecasted Activity

By: - May 30th, 2014

The 2014 Atlantic hurricane season officially begins on June 1. A lot of preseason forecasts are hyping the importance a developing El Niño will have on the overall tropical activity in the Atlantic Basin, which should lead to less storm formation. However, a word of caution: there are plenty of […]

Read More