RMS News

RMS Opens New Office in Tallahassee, Florida

RMS, a global catastrophe risk management firm, has opened a new office in Tallahassee, Florida after the acquisition of HWIND Scientific in October 2015. According to a statement from RMS, the new Florida office gives it better access to the …

RMS Says $77B in San Francisco Property at Risk from Sea Level Rise by 2100

An analysis by catastrophe risk management firm RMS of economic risk to San Francisco’s property from future sea level rise found billions of dollars worth of property at risk. The analysis was used to inform the city’s recently released Sea Level …

PERILS Joins Singapore’s NatCatDAX, Aiming to Close Asia Nat Cat Protection Gap

PERILS, the Zurich-based independent organization providing industry-wide catastrophe insurance data, announced it has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance, which has been set up to help increase data availability for natural catastrophe insurance in Asia. …

Economic Property Damages of Japan Earthquakes to Cost $2.5B-$3.5B: RMS

RMS, the Newark, Calif.-based catastrophe risk management firm, estimated that economic property damage for both the April 15 moment magnitude (Mw) 7.0 earthquake and April 14 Mw6.4 earthquake in Japan’s Kumamoto Prefecture to be between $2.5 billion and $3.5 billion. …

RMS Releases Cyber Accumulation Management System to Manage Exposure

RMS has released its Cyber Accumulation Management System*, which includes a new software system and framework for cyber exposure reporting, in addition to a suite of cyber catastrophe scenarios for loss modeling. The RMS Cyber Accumulation Management System was developed with …

RMS Examines Massive Blizzard That Swept Through East Coast

The massive blizzard that swept through the East Coast over the weekend may result in hundreds of millions of dollars in insured losses. The blizzard, unofficially named “Winter Storm Jonas” by the Weather Channel, brought a combination of freezing rain, …

Lloyd’s Develops Standardized Data Requirements for Cyber Risks

Lloyd’s of London announced that a set of common core data requirements for cyber risks has been agreed by collaborating with modeling firms AIR Worldwide and RMS, along with RMS’ partner, the Cambridge Centre for Risk Studies. Both AIR and …

RMS: Cat Bond Analysis Reveals Market Predictions of Price Bottom Are Optimistic

Return relative to risk values for catastrophe bonds at current prices are actually higher in 2015 than they were last year, even though recent market commentary suggests that market prices have stabilized, according to research by RMS, the Newark, Calif.-based catastrophe risk …

RMS: Slow-Moving Hurricane Joaquin Expected to Drive Coastal Flooding

Even though Hurricane Joaquin is likely to remain offshore in the Atlantic, it is battering parts of the Carribbean with Category 4 strength winds and will likely drive coastal flooding and heavy rainfall along the eastern U.S. coastline, according to …

Aon Launches Cat Model for Marine & Energy Insurers

Aon Benfield announced it has invested in an innovative catastrophe model to help marine and energy insurers more accurately assess their cargo risks. While there are plenty of catastrophe models in the non-marine sector, the marine and energy insurance industry …