September 2014 Bermuda:Re/insurance+ILS 39


Joe Louwagie of PCS discusses what it takes for an event to become a PCS-designated catastrophe and the benefits of understanding the application of its methodology.


PCS catastrophe T


he phone always starts to ring shortly after an event


begins. Catastrophe coordinators from across the US and Canada check in with Property Claim Services (PCS) to find out whether we’re looking into the event—and


whether we plan to issue a catastrophe serial number. Every minute is crucial to claims departments in the early stages of what could become a catastrophe, as the implications of early decisions may be quickly magnified by volume.


Designating a Property Claim Services


LEONARD ZHUKOVSKY / SHUTTERSTOCK.COM


PATTIE STEIB / SHUTTERSTOCK.COM


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