AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(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 ...