RMS News

Hurricane Dorian Insured Losses in Bahamas Could Hit $6.5 Billion: RMS

Insured losses in the Caribbean from Hurricane Dorian is estimated at $3.5 billion to $6.5 billion, according to RMS, the risk modeling and analytics firm. This estimate represents insured losses associated with wind and storm surge damage across the Caribbean …

Industry Expected to Withstand Insured Losses From Florence

Changes in the path and intensity of Hurricane Florence are keeping forecasters, government officials and insurers on their toes. An update by AIR Worldwide yesterday indicated that storm surge heights of 9-13 feet could be expected. “Florence’s slow motion just …

Business News: RMS, Roost/The Weather Company, Hiscox

RMS Releases New Japan Earthquake and Tsunami High Definition Model Global risk modeling and analytics firm RMS announced the release of its new Japan Earthquake and Tsunami High Definition (HD) model. RMS collaborated with local experts, scientific agencies and insurers …

People News: RMS, Nautilus, AIG

RMS Appoints Silicon Valley Executive as CEO Global catastrophe risk modelling and analytics company, RMS, announced the appointment of Karen White as its new chief executive officer, replacing current CEO and co-founder Hemant Shah. White has served for more than …

Losses From Southern California Fire Could Reach $2.5B, Expert Says

Losses from the Thomas Fire in Southern California are expected to fall between $1 billion and $2.5 billion, a catastrophe modeling firm said on Tuesday. The Thomas Fire, which raged across Southern California’s Ventura and Santa Barbara counties throughout most …

People News: CNA, Willis Towers Watson, NCCI, RMS

Robusto To Assume Role Of CNA’s Chairman And CEO CNA Financial Corporation announced that Dino E. Robusto will assume the role of chairman and chief executive officer on November 21, 2016, succeeding Thomas F. Motamed, who is retiring after eight …

Rain Dumped by Hurricane Causes at Least 17 N.C. Dams to Fail

At least 17 dams in North Carolina burst from the rain dumped by Hurricane Matthew, most of them in the Cape Fear River Basin. The News & Observer of Raleigh reports state inspectors knew where the rains could cause catastrophic …

Declared Disaster, Hurricane Hermine Losses Not Likely to Exceed $400M

President Barack Obama has officially declared a major disaster for areas in Florida affected by Hurricane Hermine. A news release says Obama signed the disaster declaration last week. The president’s action makes federal funding available to residents and businesses in …

New York Governor Says No Apparent Link Between Blast, Overseas Terror

Gov. Andrew Cuomo said Sunday that an explosion that rocked a crowded Manhattan neighborhood, injuring 29 people, doesn’t appear to be linked to international terrorism, and he vowed that authorities would find and prosecute whoever was responsible. He noted that …

RMS Ranks Top 10 Ports at Greatest Risk in a Natural Catastrophe

In the event of a natural catastrophe, two ports in Nagoya, Japan and Guangzhou, China, would suffer the greatest losses at $2.3 billion and $2 billion respectively, according to RMS analysis of the catastrophe risk associated with the world’s ports. …