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News - RMS hurricane model re-certified for Florida.

Europe Intelligence Wire

| June 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. 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)Copyright

(From Reinsurance)

Risk Management Solutions (RMS) has announced that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has re-certified the RMS hurricane model for use in establishing residential insurance rates in the state of Florida.

This year's review included upgrades to the RMS model that reflect new research on vulnerability of residential line dwellings, allowing for better differentiation of this class of risk based on the year built.

The RMS US hurricane model is used by primary insurers, reinsurers, intermediaries and other financial institutions to develop strategies for pricing, portfolio management and risk transfer.

"The 2006 Florida hurricane model ...

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