RMS News

RMS Names Sharma Senior Vice President of Cloud Operations and IT

RMS, the Newark, Calif.-based catastrophe risk management firm, announced it has named Sanjiv “Sunny” Sharma as senior vice president of cloud operations and information technology. Sharma joins from Rocket Fuel, a digital advertising firm, where he led the global engineering …

RMS Releases Updated Europe Windstorm, North Atlantic Hurricane Models

RMS, the Newark, Calif.-based catastrophe risk management firm, has released updated RMS Europe windstorm models and North Atlantic hurricane models. The 15.0 RMS Europe Windstorm Models’ hazard and vulnerability components have been updated to strengthen risk selection and portfolio management …

RMS Study Shows Significant Tsunami Risk in Caribbean, Mediterranean

RMS, the catastrophe risk management firm, has released a global tsunami risk study that identifies more than 20 subduction zones worldwide capable of generating a giant earthquake and tsunami – similar in scale to the March 11, 2011, Tohoku, Japan …

Climate Change Modeling on Cusp of Paradigm Shift

In the face of growing interest in climate change impacts, several big catastrophe modelers said they’ve heard from more clients interested in receiving climate-related data and they believe the field is on the cusp of a change in the way …

Characteristics of ‘Charlie Hebdo’ Attack Thwarted Counter-Terrorism Efforts: RMS

A number of unique characteristics of the January 7 terrorist attack against satirical French magazine “Charlie Hebdo” allowed terrorists to succeed despite counter-terrorism efforts, according to a new report by Dr. Gordon Woo, catastrophist and terrorism risk expert at RMS, the …

Risk Modelers Working on Tools for Gauging Cyber Attack Risk

Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Unlike earthquakes, …

Risk Modelers Aim to Gauge Risks of ‘Cyber Hurricane’

Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Unlike earthquakes, …

RMS: ‘Big One’ in Northern California Could Cause $200B in Losses

Earthquake risk in the San Francisco Bay Area is on the rise while earthquake insurance penetration statewide has dropped significantly since the Loma Prieta earthquake that rocked the Bay Area 25 years ago, causing nearly $6 billion in economic losses, …

Keogh Named Advisen CEO, Succeeding Ruggieri

Former Eqecat, Tiger Risk and RMS executive William Keogh has been named CEO of data and analytics company Advisen Ltd. The company said Keogh will start at Advisen on October 20, following the departure of former CEO and Advisen co-founder, …

Insured Losses From the Napa Quake Pegged at $250M or Less

Insured losses from the Aug. 24 earthquake that struck Napa, Calif. will not exceed $250 million, according to a risk management firm. Widespread damage was expected from the 6.0 magnitude event, but there wasn’t much business interruption as most area …