Monthly Archives: April 2018

Exceedance Pre-Event Activities: Take Time for Some Fun in the Florida Sun

Exceedance is coming to Miami in just a few short weeks and I wanted to send a quick reminder of what there is to see and do starting Monday, May 14, with our pre-conference activities.

Along with experiencing the many informative aspects of Exceedance, we have planned some opportunities to relax and have some fun, including:

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Do We Need a “Category 6” for Tropical Cyclones?

Climate modeling studies generally agree that anthropogenic climate change will likely cause tropical cyclones globally to be more intense on average, and that the most powerful ones will become more frequent. In response, climatologist Michael Mann (particularly well known for his so-called “hockey-stick” temperature graph) recently advocated the introduction of a sixth category to the Saffir-Simpson Hurricane Wind Scale (SSHWS), in order to better describe the very strongest storms. According to Mann, sturdier construction practices mean that Category 5 storms no longer all cause near-total destruction of human infrastructure and introducing a Category 6 would increase public awareness of the effects climate change is having on tropical cyclone strength. Mann is not the first to propose introducing a Category 6; after powerful tropical cyclones make landfall this is frequently deliberated.  Before wading into this debate however, let us look at the SSHWS itself.

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Terrorism Insurance Market: A Mature Approach to Growth

We were delighted to welcome so many representatives of the insurance industry to the RMS Terrorism Risk seminar in New York last month. Our seminar gave us a chance to update (re)insurance risk management professionals on the latest trends in global terrorism threat, its relevance to the insurance industry, and to share some of the latest developments and approaches for managing terrorism risk. Our keynote speakers included Bruce Hoffman from Georgetown University; Jack Riley, Vice President of the National Security Research Division at RAND Corporation, and Steven Simon from Amherst College.

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