2013 catastrophes: Year in review

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2013 highlighted the difference between catastrophe frequency and severity. PCS® designated 29 catastrophe events in the United States, yet industry losses totalled $12.7 billion from 1.8 million claims, well below the ten year average. This report reviews catastrophe losses in 2013.

Topics covered:

- Frequency absent severity.

- Where were the losses?

- Great expectations.

- Canada.