2011 is shaping up to be a year that contradicts historical patterns. Since 1950, when ISO’s Property Claim Services (PCS) began to keep records on catastrophes, 88 hurricanes have met the organization’s definition of a catastrophe, and those storms have cost insurers more than $136.5 billion.[1] During the same period — 1950 to 2010 — 1,251 [...]

Tagged as: catastrophes, claims, hurricane, pcs, tornado, weather