Risk Management Solutions named Paul Dali chairman of its board of directors. Dali, who is based in Arizona, has been serving as an advisor to the RMS board for the past year. Dali has backed a number of successful technology …
Catastrophe modeling firm Risk Management Solutions’ insured loss estimate for Sandy would be in the range of $20 billion to $25 billion, according to a report from The Wall Street Journal.RMS has not yet published its estimate publicly as of …
Businesses in New York and New Jersey that were preparing insurance claims for losses from Superstorm Sandy now have a second headache: how to deal with new losses from an early winter snow storm. The snow and wind from the …
Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting companies said on Tuesday. Sandy …
Late Monday, Sandy became the eighteenth named storm of the 2012 Atlantic hurricane season. According to the National Hurricane Center, Sandy is expected to strengthen during the next 24 hours and become a hurricane on Wednesday– before reaching Jamaica. The …
Late on Thursday, October 11, the sixteenth named storm of the 2012 Atlantic hurricane season was declared – Tropical Storm Patty. As of Friday, according to the National Hurricane Center (NHC), the center of Patty was located in the Caribbean …
Thus far, the 2012 Atlantic hurricane season that is about at its midpoint has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS), the current hurricane season has been active: …
U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses, estimates catastrophe modeler Risk Management Solutions (RMS). This …
Catastrophe modeling firm Risk Management Solutions (RMS) issued the following update on Tropical Storm Debby this morning, Tuesday, June 26: Over the last 24 hours, Tropical Storm Debby (located over the northeast Gulf of Mexico) has slowly moved towards the …
Catastrophe modeling firm Risk Management Solutions (RMS) issued the following advisory on Tropical Storm Debby this morning: Tropical storm winds and heavy rain are affecting the northeast Gulf States as Tropical Storm Debby lingers off the northwest coast of Florida. …
