When a disaster strikes anywhere in the United States, Puerto Rico, or the U.S. Virgin Islands, PCS® investigates to determine whether the damage will meet the definition of a catastrophe. PCS now defines a catastrophe as an event that causes $25 million or more in direct insured losses to property and that affects a significant number of policyholders and insurers.

For each catastrophe, PCS assigns a serial number recognized throughout the insurance industry. That number lets insurers track losses and reserves related to a single, discrete event.

Under many reinsurance contracts, the PCS serial number is important for determining which losses will trigger reinsurance coverage. Our long-standing reputation for defining and accurately tracking catastrophes reduces disputes between primary insurers and reinsurers. That saves the industry millions of dollars a year in staff and legal expenses.

For more information . . .
. . . about PCS catastrophe serial numbers — or to get in touch with a sales representative — contact ISO. You can also call us at 1-800-888-4476.