RMS: Climate Change is Here; Already Causing Losses

April 2007
Insurance Advocate;4/23/2007, Vol. 118 Issue 9, p24
The article reports on the impact of global warming to the financial losses, according to Risk Management Solutions Inc. (RMS). RMS chief research officer Robert Muir-Wood stated that weather related hazards including extreme disasters such as floods and droughts resulted in financial forfeits. Such catastrophic growth has affected the systems for risk management.


Related Articles

  • RISK IS HIS BUSINESS. Stipp, David // Fortune;10/3/2005, Vol. 152 Issue 7, p61 

    Presents the opinions of Risk Management Solutions research chief Robert Muir-Wood. Thoughts on the scale of Hurricane Katrina; What characterizes Katrina as a super-catastrophe; Recovery challenges; Issue of health problems and toxic contaminants; Issue of rebuilding New Orleans, Louisiana;...

  • RMS cat models undergo update. Bradford, Michael // Business Insurance;3/27/2006, Vol. 40 Issue 13, p4 

    The article reports on the upgrade of the catastrophe models of Risk Management Solutions Inc. (RMS) Continuation of an increased hurricane activity for the next 5 years as of March 2007 that cause higher insured losses attributed to upgrade. 40% is the expected annualized insurance losses...

  • Cat modelers say Frances could be worse than Charley. Hofmann, Mark A. // Business Insurance;9/6/2004, Vol. 38 Issue 36, p1 

    As Florida residents and their insurers braced for the impact of Hurricane Frances late last week, catastrophe modeling firms projected that claims from the storm could surpass those from last month's Hurricane Charley. By Friday afternoon, millions of people in Florida had been told to evacuate...

  • Asia: Call for Insurers to Help with Adaptation Measures against Climate Change.  // Asia Insurance Review;Oct2008, p12 

    The article highlights the report "Coastal Communities and Climate Change" published by Lloyd's and Risk Management Solutions (RMS) on the threat posed by climate change towards Asian cities such as Hong Kong, Tokyo and others such as New York. The report indicates that losses from coastal...

  • CLIMATE CHANGE, INSURABILITY OF LARGE- SCALE DISASTERS, AND THE EMERGING LIABILITY CHALLENGE. Kunreuther, Howard C.; Michel-Kerjant, Erwann O. // University of Pennsylvania Law Review;Jun2007, Vol. 155 Issue 6, p1795 

    The article focuses on the role that the insurance sector plays in reducing the impacts of global warming and the challenges insurers and reinsurers face in dealing with the impact of climate change on their risk management strategies. The authors explore the evolution of insured losses due to...

  • Perils of Climate Change. Field, Anne // Treasury & Risk;Jul/Aug2009, p34 

    The article presents information on actions to be taken by businesses to deal with challenges caused by global warming and severe weather. It relates the case of San Francisco, California-based clothing manufacturer Levi Strauss & Co. which teamed up with the nonprofit group Better Cotton...

  • Asteroids: Another Reason to Diversify Your Portfolio. Green, Meg // Best's Review;Dec2009, Vol. 110 Issue 8, p14 

    The article focuses on the recommendation by Risk Management Solutions Inc. (RMS) for U.S. insurance companies to have well-distributed portfolios for protection against asteroids which have exploded in the skies of Siberia in 1908. Robert Muir-Wood, chief research officer of RMS, states that...

  • Hurricane Frances Delivers Second Half Of One-Two Punch.  // Insurance Advocate;9/13/2004, Vol. 115 Issue 30, p2 

    Reports on the estimation of Risk Management Solutions Inc. (RMS) on the insured losses from hurricane Frances in Florida. Agreement of the Property Casualty Insurers Association on the claims of RMS regarding the damage of hurricane Frances; Advices offered by industry representatives to the...

  • Modelers Place Dean Insured Losses at $1.5B.  // Insurance Advocate;8/27/2007, Vol. 118 Issue 18, p27 

    The article reports on the estimated insured losses from the Hurricane Dean damage to Jamaica and the Yucatan Peninsula of Mexico. According to Risk Management Solutions Inc. in Newark, California, the estimated losses will not exceed $1.5 billion since it only ranges between $750 million and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics