RMS News Archive

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	"Calculating the Cost of Catastrophes," Financial Times December 29, 2007 RMS president and CEO Hemant Shah, and Peter Williams, finance director of DMGT, discuss DMGT's investment relationship with RMS, the history and evolution of RMS, and the company's continued expansion into new markets and models.
	"GR Focus: Data Quality - Back to the Future," Global Reinsurance November 13, 2007 Catastrophe models have long since been updated to reflect lessons learned from the hurricanes of 2004 and 2005, but the problem of poor quality data still remains one of the biggest barriers to accurate loss assessment, portfolio management and underwriting. In this Global Reinsurance article, Matthew Grant discusses the importance of data quality, and improvements made in recent years.
	"MIR Cover Story: Nat Cats and Modeling Post-Gonu," Middle East Insurance Review November 2007 RMS analyst Emily Paterson discusses Tropical Cyclone Gonu and other extreme events for which Middle Eastern countries are at risk, and looks at solutions for managing natural hazard risk.
	"Risk Management Expert: Home Casualty Insurers will Take the Brunt of the California Fires" October 25, 2007 In a radio interview with MarketWatch, RMS' Don Windeler discusses the impact of the Southern California wildfires on insurance companies and homeowners.
	"Re Views: Hemant Shah" Business Insurance September 2007 President and CEO Hemant Shah discusses the appropriate role and use of models, the importance of data quality in risk management, Solvency II, and deploying excess capital.
	Dean Heading for Mexico Oil Fields, CNBC Squawk Box August 22, 2007 Dr. Claire Souch discusses Hurricane Dean's path towards the southern Gulf of Mexico, where most of the country's oil infrastructure is based, and possible effect on oil prices.
	"The Worst Flood Ever?" Guardian July 24, 2007 RMS estimates about the number of properties directly flooded, based off of postcode research and press reports of the time, mentioned in article about the 1947 U.K. Flood.
	"Insurance Claims Could Top £3bn," Financial Times July 24, 2007 Estimates from RMS indicating that the June and July U.K. floods could pose the biggest test to the private flood insurance market and could lead to a serious reconsideration of the availability of flood insurance mentioned in article discussing how the recent floods could effect the cost of insurance and its availability.
	"GR Survey: Catastrophe Models," Global Reinsurance July 1, 2007 RMS' Paul VanderMarck discusses the role of catastrophe models in relation to findings from a recent online survey that found support for catastrophe models as a good value for the money, and increasingly important to the business of reinsurers, insurers, brokers and support service professionals.
	Storm World: Hurricanes, Politics and the Battle Over Global Warming July 1, 2007 RMS' upward revision of estimates about Florida and Gulf Coast hurricane risk, following discussions with a panel of experts and scientists, mentioned in Chris Mooney's new book Storm World: Hurricanes, Politics and the Battle Over Global Warming.
	"New Orleans is Safer, But Risks Still Loom," Los Angeles Times June 21, 2007 RMS' Patricia Grossi interviewed as part of an article on the danger of more serious flooding in New Orleans.
	"NAIC Sets Hearings To Examine Cat Models," National Underwriter June 11, 2007 Release of RMS catastrophe model mentioned as an important factor, along with calculations by ratings agencies, in the process of insurers developing their rates and limiting catastrophe exposure in places such as Florida and Louisiana.
	"WindX: A Parametric Standard for US Hurricane Risk," Bermuda Re/Insurance June 1, 2007 RMS' Peter Nakada explains how WindX, a new parametric product, will enable the transfer of risk in different ways.
	"Changing Climates, Creeping Costs," Risk & Insurance June 1, 2007 RMS' Celine Herwijer quoted on how both businesses and governments will have to adapt to the greater hazards created by climate change. Dr. Robert Muir-Wood also mentioned in regards to how climate change may affect increasingly hazardous weather patterns.
	"Modelling Earthquake Risk in China," Asian Insurance Review June 1, 2007 RMS' Domenico del Re discusses China's changing earthquake risk profile and points out the salient features of the model developed in conjunction with the Institute of Engineering Mechanics (IEM), the scientific arm of the China Earthquake Authority.
	"A.M. Best Special Report: U.S. Hurricane Catastrophe Review -- One Blow Away From $10 Gas," Insurance News Net May 21, 2007 RMS mentioned, along with AIR Worldwide Corp. and EQECAT Inc., as having provided A.M. Best with simulated insured losses or background material on how a potential hurricane could affect the Gulf and surrounding energy infrastructure.
	"Hurricane Ahead, But Lower Insurance," BusinessWeek May 14, 2007 RMS' Robert Muir-Wood quoted on misconceptions about insurance pricing as part of an article on why the price of property coverage is going down in the face of dire predictions.
	2007 U.S. Insurer Awards, U.S. Insurer May 2007 As part of the 2007 U.S. Insurer Awards, RMS was selected by readers as "Risk Modeling Firm of the Year." Updates to existing RMS models and the introduction of new models were cited along side our research on catastrophes as features that set RMS apart.
	"Windstorm Kyrill: A Glimpse Into the Future?" Catastrophe Risk Management April 2007 RMS' Claire Souch, along with Julian Alovisi and Jane Toothill, discusses how Windstorm Kyrill serves as a reminder that windstorm is a real threat to insurers and reinsurers in Europe due to both the severity of losses and the large area affected by the storm.
	"Factoring in Disaster," The Tampa Tribune February 11, 2007 RMS models and methodology mentioned in article outlining the pros and cons of using catastrophe models in Florida's storm planning and regulation.
	"Killer Cloud," BBC January 19, 2007 RMS' Dr. Gordon Woo was interviewed as part of this BBC Timewatch Documentary tracing evidence of the 1783 volcanic eruption in Iceland. This volcanic disaster led to poisonous gases that enveloped Europe, and one of the worst winters on record.
	"5th Annual Report of the 'Insurance Industry 100 most Powerful (North America)' List," InsuranceBroadcasting.com January 9, 2007 RMS' CEO and President, Hemant Shah, has been chosen as one of the 100 most powerful people in the insurance industry according to InsuranceBroadcasting.com's 5th annual list. Shah was selected to represent the "Risk Modeling" category based on criteria ranging from diversity of power to influence over resources.