Tag: RMS

RMS Estimates $67 Billion in Insured Losses from Ian

Florida damage

RMS®, a Moody’s Analytics company and world-leading risk modeling and solutions provider, estimates total private market insured losses from Hurricane Ian to be between $53 billion and $74 billion, with $67 billion being the best estimate. RMS also estimates that the storm surge and inland flooding could cost the National Flood Insurance Program (NFIP) an… Continue reading RMS Estimates $67 Billion in Insured Losses from Ian

RMS Estimates $1.1-$2.2B in Total U.S. Insured Losses from Hurricane Nicholas

A hurricane on earth viewed from space. This is a rendered image.

RMS®, the world’s leading catastrophe risk solutions company, estimates that the total U.S. insured losses from Hurricane Nicholas to be between $1.1 and $2.2 billion. This estimate represents insured losses associated with wind, storm surge, and precipitation-induced flooding, including losses to the National Flood Insurance Program (NFIP). Nicholas made landfall on September 14, 2021 near… Continue reading RMS Estimates $1.1-$2.2B in Total U.S. Insured Losses from Hurricane Nicholas

RMS Estimates $25–$35B in Onshore and Offshore Insured Losses in the Gulf from Hurricane Ida

A hurricane on earth viewed from space. This is a rendered image.

RMS®, the world’s leading catastrophe risk solutions company, estimates onshore and offshore U.S. insured losses from Hurricane Ida in the Gulf of Mexico to be between $25 and $35 billion. The estimate includes losses to the National Flood Insurance Program (NFIP) in the four impacted Gulf Coast states (Alabama, Florida, Louisiana and Mississippi) in the… Continue reading RMS Estimates $25–$35B in Onshore and Offshore Insured Losses in the Gulf from Hurricane Ida

RMS Unveils Significant New Event Response Innovations in ExposureIQ

RMS

RMS, the world’s leading catastrophe risk modeling and solutions company, announced new innovations to ExposureIQ™ on the Risk Intelligence platform, including real-time catastrophe event visualizations and more powerful reporting. RMS also unveiled new capabilities to allow cross-portfolio accumulations across reinsurance and insurance workflows. ExposureIQ is an innovative, cloud-based exposure management application designed to help portfolio… Continue reading RMS Unveils Significant New Event Response Innovations in ExposureIQ

RMS Launches New Climate Change Models

climate change and higher insurance rates

RMS, the world’s leading catastrophe risk solutions company, today announced the forthcoming launch of a new suite of Climate Change Models to help customers assess the near and long term impacts of climate change on physical assets and their businesses, in order to make the best possible risk and financial decisions. According to RMS CEO,… Continue reading RMS Launches New Climate Change Models

RMS Estimates Insurance Losses from Western U.S. Wildfires to be Between $4B and $8B

New Mexico high severity claims

RMS, the world’s leading catastrophe risk company estimates insured losses for the Western U.S. will be between US$4.0 and US$8.0 billion. These losses reflect estimates as of September 20, 2020, and further escalation in losses are likely as many fires are still ongoing in California, Oregon, and Washington. RMS estimates insured losses from major wildfires… Continue reading RMS Estimates Insurance Losses from Western U.S. Wildfires to be Between $4B and $8B

RMS Estimates Hurricane Isaias Insured Losses Up to $5 Billion

A hurricane on earth viewed from space. This is a rendered image.

Catastrophe risk modeller RMS has estimated that total insured losses from the impacts of Hurricane Isaias will be between $3 billion and $5 billion, which includes National Flood Insurance Program (NFIP) losses of between $400 million and $700 million. The large majority of the insured loss, between $3 billion and $4.5 billion, is expected to… Continue reading RMS Estimates Hurricane Isaias Insured Losses Up to $5 Billion