RMS model update points to ‘fairly large’ rise in hurricane losses for US Northeast and Mid-Atlantic
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider ILS is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

RMS model update points to ‘fairly large’ rise in hurricane losses for US Northeast and Mid-Atlantic

RMS hurricane satellite background.jpg

The latest RMS North Atlantic hurricane model release V21 has produced average increases of 2% to 10% to average annual losses (AALs) across both commercial and residential insurance lines, with higher increases for the Northeast and Mid-Atlantic.

The most impactful changes were for the Mid-Atlantic and Northeast regions for a 1-in-25 year event across all lines, where the new model shows 20% to 30% increases to modelled losses.

Ed

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article