RMS loads Florida and Gulf Cat models by 40%
Risk Management Solutions (RMS) has announced that increases to hurricane landfall frequencies in the company's U. hurricane model will increase modeled annualised 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 1900-2005 historical average hurricane frequencies.
This new view of risk is driven by an increase of more than 30% in the modeled frequency of major (Saffir-Simpson Category 3-5) hurricanes making landfall in the US to account for current elevated
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