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Article: RMS Reaffirms Five-Year View of Increased Hurricane Activity In Atlantic Basin.
- Article from:
- PR Newswire
- Article date:
- November 22, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEWARK, Calif., Nov. 22 /PRNewswire/ -- Risk Management Solutions (RMS) today reaffirmed its medium-term five-year view of landfalling hurricane risk for the period of 2007-2011. The company is projecting higher modeled annualized insurance losses by 40% on average across the Gulf Coast, Florida, and the Southeast, and by 25-30% in the Mid-Atlantic and Northeast coastal regions relative to those derived using long-term 1900-2006 historical average hurricane frequencies. RMS first released this view of risk before the 2006 hurricane season, for the five-year period of 2006-2010.
"As part of our annual review of medium-term landfall frequency in the Atlantic, RMS ...