logo image

An earthquake like 1994’s Northridge, California quake could cause $20 billion in insured losses today, catastrophe modeling firm RMS said last week. In spite of the fact that many structural advancements have been made since 1994, a similar 6.7 earthquake today would cause total insured losses of $16-$24 billion.

Share:
Related Resources
October 23, 2020
Technology and the Business of Risk

Read More
October 16, 2020
2020 US Insurance Awards: Swiss Re Corporate Solutions, Insurtech Initiative of the Year

Read More
October 15, 2020
RMS Estimates Hurricane Delta Onshore Losses at $2bn-$3.5bn

Read More
About RMS

Risk Management Solutions, Inc. (RMS) helps insurers, financial markets, corporations, and public agencies evaluate and manage global risk from natural and man-made catastrophes, including hurricanes, earthquakes, floods, climate change, cyber, and pandemics.

RMS helped pioneer the catastrophe risk industry, and continues to lead in innovation by marrying data and advanced model science with leading-edge SaaS technology. Leaders across multiple industries can address the risks of tomorrow with RMS Risk Intelligence™ (RI), our open, unified cloud platform for global risk, enabling them to tap into RMS HD models, rich data layers, intuitive applications, and APIs.

Further supporting the industry's transition to modern risk management, RMS spearheaded the Risk Data Open Standard (RDOS), a new modern open standard data schema designed to be an extensible, flexible, and future-proof asset within modeling/analysis systems.

RMS is a trusted solutions partner enabling effective risk management for better business decision making across risk identification and selection, mitigation, underwriting, and portfolio management.

Visit RMS.com to learn more and follow us on LinkedIn and Twitter.

Media Contacts

Matthew Longbottom

PR Lead, EU and APAC
+44 20 7444 7706 prteam@rms.com

Devonne Cusi

PR Lead, Americas
+1 551 226 1604 prteam@rms.com
cta image

Subscribe to Our Newsletter

close button
Video Title

Thank You

You’ll be contacted by an RMS specialist shortly.

RMS.com uses cookies to improve your experience and analyze site usage. Read Cookie Policy or click I understand.

close