RMS News

Here’s What a Category 5 Hurricane Could Do to Florida

Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, but the risk of such a storm has not gone away or even declined. In fact, the state’s risk of destruction …

25 Years Later…What If an Andrew-Type Storm Hit Florida Today?

Though Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, the risk of such a storm has not gone away or even declined. In fact, the state’s risk of destruction …

25 Years Later: How Florida’s Insurance Industry Has Changed Since Hurricane Andrew

Aug. 24, 1992 was anything but a typical Monday for Robert Reynolds as he drove through debris-filled roads and devastation on the way to his family-run agency then located just north of Homestead, Fla. Hurricane Andrew had just barreled through …

RMS Launches New Models for Tropical Cyclone & Earthquake in Asia Pacific

RMS, the Newark, Calif.-based risk modeling and analytics firm, has introduced typhoon models for wind and flood for South Korea and Taiwan, plus four new earthquake models for Singapore, Malaysia, Thailand and Vietnam. This launch augments the company’s existing suite …

New Insurance Products Could Cut Natural Disaster Costs in Poorer Nations: Report

New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a report commissioned by Britain’s international development ministry. The cost of natural disasters to some of …

RMS Releases Updated N. America Earthquake Models for U.S., Canada & Mexico

RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of version 17.0 of its North America Earthquake Models for the United States, Canada and Mexico. The updated model will enable RMS clients to manage their risk accumulations …

Latin America Reinsurer Patria Re Selects RMS Cat Risk Models

Newark, Calif.-based RMS announced that Latin America reinsurer Reaseguradora Patria (Patria Re) has licensed its full range of models and analytical services for Latin America and the Caribbean. These regions have a high exposure to natural catastrophe risk and produce …

RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers

RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include a new class of “cyber-physical” models. These include a range of cyber attack scenarios that can cause physical damage to …

RMS Launches Agricultural Risk Models for India and China

RMS, the Newark, Calif.-based catastrophe risk management firm, has added agricultural risk models for India and China to its line of emerging risks models, and plans to expand coverage across Asia-Pacific and the Americas. The addition of the models is …

Colombia’s Regulator Approves RMS Earthquake Model for Use by Insurers

RMS, the the Newark, Calif.-based catastrophe risk management firm, has received approval from the Colombian insurance regulator, Superintendencia Financiera de Colombia (SFC), to offer catastrophe modeling services to national and global insurance companies writing earthquake risk in Colombia. Insurers writing …