RMS stands by +40% hurricane damage forecast despite benign 2006
Risk Management Solutions has reaffirmed its medium-term five-year view of landfalling hurricane risk for the period of 2007-2011. The company is projecting higher modeled annualized insurance losses by 40% on average across the Gulf Coast, Florida, and the Southeast, and by 25-30% in the Mid-Atlantic and Northeast coastal regions relative to those derived using long-term 1900-2006 historical average hurricane frequencies.
RMS first released this view of risk before the 2006 hurricane season, for the five-year period of 2006-2010. "As part of our annual review of medium-term landfall frequency in the Atlantic, RMS held
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