The Year of the Kitten
The RMS Blog » Hurricane
by Robert Muir-Wood
4y ago
Almost three months ago we passed a remarkable record in catastrophe loss. And yet no one seems to want to celebrate it. No banner headlines in the newspapers. No speeches at the Monte Carlo Reinsurance Rendezvous. The first half of 2019 generated the lowest catastrophe insurance loss for more than a decade. The estimates come ..read more
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Hurricane Dorian: Who Takes Responsibility for the Loss of Life?
The RMS Blog » Hurricane
by Robert Muir-Wood
4y ago
In late 2005 I was on New Providence Island, Bahamas, producing a map to show which properties around the island were within the storm surge flood zone. The northern islands of the Bahamas had been battered by 19 feet (six meters) of storm surge in 1999 during Hurricane Floyd and flooded again in 2004 Hurricanes ..read more
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Northern Bahamas Devastated by Major Hurricane Dorian
The RMS Blog » Hurricane
by James Cosgrove
4y ago
Initial reports from the Bahamas suggest that the islands of Great Abaco and Grand Bahama have been left devastated from Major Hurricane Dorian, evoking memories of the destruction on the eastern Caribbean island of Barbuda in the immediate aftermath of Hurricane Irma just two years ago. A Record-Breaking Hurricane for the Bahamas and the Atlantic ..read more
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Tracking Hurricane Dorian: Understanding Forecast Uncertainty
The RMS Blog » Hurricane
by James Cosgrove
4y ago
Hurricane Dorian looks set to pass over the northern Bahamas in the coming days as potentially a Category 5 major hurricane, but forecasts regarding future U.S. impacts remain significantly uncertain, with the latest guidance providing a twist in the tale that no one anticipated a few days ago. Understanding the Uncertainty: A Matter of Timing ..read more
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Hurricane Season Half-Time Report: The Calm Before the Storm?
The RMS Blog » Hurricane
by James Cosgrove
4y ago
Now that we’ve reached the halfway stage of the 2019 North Atlantic hurricane season, now feels like a good opportunity to review the season to date and look ahead to what the remainder of the season might have in store. A Quiet Start to the Season If you thought the Atlantic had been a little ..read more
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RMS HWind Forecasting: Untangling the Spaghetti
The RMS Blog » Hurricane
by Mark Powell and Michael Kozar
4y ago
Every twist and turn of a real-time hurricane can affect global financial markets, public safety, or government and international aid agencies that provide assistance. Within the (re)insurance space, the ability to understand forecast track, timing, and potential hazard and loss impacts before landfall helps entities to prepare and execute their event response processes effectively. This ..read more
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How Did the 2017-2018 Hurricanes Affect Medium-Term Rates?
The RMS Blog » Hurricane
by Jara Imbers Quintana
5y ago
Earlier this year, RMS released its latest medium-term rates (MTR) forecast for the North Atlantic hurricane basin as part of the North Atlantic Hurricane Models Version 18.1 release. Applicable over the 2019-2023 period, the Version 18.1 forecast represents an update from the previous MTR forecast issued in 2017 for the 2017-2021 period, by reflecting hurricane ..read more
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Calm or Chaotic? Looking Ahead at the 2019 North Atlantic Hurricane Season
The RMS Blog » Hurricane
by James Cosgrove
5y ago
The 2019 North Atlantic hurricane season officially got underway on Saturday, June 1, and marked the start of a six-month period that runs right through to November 30. Blatantly ignoring this official start, the North Atlantic has already produced its first named storm of 2019. On May 20, Subtropical Storm Andrea formed over open water ..read more
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Version 18.1 Delivers Updated Views of North Atlantic Hurricane and Asia Earthquake Risk
The RMS Blog » Hurricane
by Brian Owens and Bruce Miller
5y ago
With the release of version 18.1 on April 22 from RMS, there is plenty to explore, validate and put into production. Updated Insights on North Atlantic Hurricane Risk Starting with the RMS North Atlantic Hurricane (NAHU) Models, version 18.1 (v18.1) includes updates to the long-term and medium-term event rates throughout the Atlantic Basin, historical event ..read more
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The All-Peril Cat Five
The RMS Blog » Hurricane
by Robert Muir-Wood
5y ago
Why the Saffir-Simpson Hurricane Intensity Scale had five levels we don’t know. The digits on a hand? Better than three, but lower resolution than the dozen rungs for wind speeds or earthquake intensity? Whatever the reason it seems to work. In the late 1960s, Herbert Saffir, a Florida building engineer, was sent by the United ..read more
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