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Article: RMS Unveils New Models For Evaluating Earthquake Risk in North America.
- Article from:
- PR Newswire
- Article date:
- August 6, 2009
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Overall Insured Loss Estimates Likely to Reduce by 10 to 25 percent Following Major Scientific Developments and Model Advancements
NEWARK, Calif., Aug. 6 /PRNewswire/ -- Risk Management Solutions (RMS) has unveiled its next-generation models for North America earthquake risks, covering the U.S. and Alaska, Canada, and Mexico, delivering them to several hundred insurers and reinsurers globally on Monday. The new models are likely to lead to a reduction in U.S. earthquake insured loss estimates of 10 to 25 percent for the average insurer across all lines of business, with more modest changes in loss estimates for commercial business lines and larger reductions for ...