RMS News
Hurricane Florence Demonstrates Perils of Being Underinsured/ Uninsured, Says RMS
Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. "The ...
$9B to $13B in Insured Losses Estimated for Camp, Woolsey Calif. Fires: RMS
The Camp and Woolsey wildfires in California will likely cause between $9 billion and $13 billion in insured losses, catastrophe modeler RMS concludes in a new estimate. That breaks down to $7.5-$10 ...
Hurricane Michael Insured Losses Could Hit Between $6.8B-$10B: RMS
Insured losses from Hurricane Michael now look to be between $6.8 billion and $10 billion, according to a new estimate from catastrophe modeler RMS. That estimate covers insured losses relating to ...
Hurricane Michael: At Least 57,000 Coastal Florida Homes at Risk
About 57,000 Florida homes were at risk from a coastal storm surge as Hurricane Michael approached the United States on Tuesday, and a number of insurers face potential liabilities from the storm. ...
Insurers Brace for Significant Hurricane Florence Catastrophe Losses
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane ...
Executives On The Move at Zurich, AIG and RMS
Zurich Insurance named a new chief underwriting officer for its Zurich North America Unit. AIG appointed an XL Catlin veteran to lead its Bermuda business. Catastrophe modeler RMS appointed a former ...
Hurricane Florence Nears the Mid-Atlantic Coast, as the P/C Industry Keeps Watch
Insurers, catastrophe modelers and brokers are scrambling to prepare for and keep up with Hurricane Florence. The massive storm is slated to bring heavy winds and rainfall to the southeastern and ...
Executives On The Move at Chubb, XL Innovate and RMS
Chubb hired an executive who will oversee its North America Claims operations. XL Catlin's XL Innovate named a new principal who will help lead investments into novel areas. Catastrophe modeler RMS ...