Risk Management Solutions News

Willis Appoints Chapman Middle East Regional Construction Industry Leader

Willis Group Holdings, global risk adviser, insurance and reinsurance broker, has appointed Keith Chapman as Regional Construction Industry Leader for the Middle East. He is based in Dubai and his “primary responsibility will be to develop risk management solutions for …

Eqecat Agrees to Share Exposure Data Schemas With RMS

Catastrophe modeling firm Eqecat announced that it has finalized an agreement to share exposure data schemas with another major catastrophe-modeling firm, Risk Management Solutions (RMS). The agreement recognizes the need in the industry for a data standard, according to the …

RMS Names Dali Chair, Adds Three in Silicon Valley

Risk Management Solutions named Paul Dali chairman of its board of directors. Dali, who is based in Arizona, has been serving as an advisor to the RMS board for the past year. Dali has backed a number of successful technology …

RMS’s Sandy Insured-Loss Estimate Is $20-$25 Billion, WSJ Reports

Catastrophe modeling firm Risk Management Solutions’ insured loss estimate for Sandy would be in the range of $20 billion to $25 billion, according to a report from The Wall Street Journal.RMS has not yet published its estimate publicly as of …

Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide

Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss estimate includes wind and storm surge …

Tropical Storm Sandy on Track to Become Hurricane

Late Monday, Sandy became the eighteenth named storm of the 2012 Atlantic hurricane season. According to the National Hurricane Center, Sandy is expected to strengthen during the next 24 hours and become a hurricane on Wednesday– before reaching Jamaica. The …

2012 Hurricane Season at Halfway Point

Thus far, the 2012 Atlantic hurricane season that is about at its midpoint has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS), the current hurricane season has been active: …

Hurricane Isaac Insured Losses to Reach $1-$2 Billion: RMS

U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses, estimates catastrophe modeler Risk Management Solutions (RMS). This …

RMS Update on Tropical Storm Debby in Florida

Catastrophe modeling firm Risk Management Solutions (RMS) issued the following update on Tropical Storm Debby this morning, Tuesday, June 26: Over the last 24 hours, Tropical Storm Debby (located over the northeast Gulf of Mexico) has slowly moved towards the …