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

Liz Bury
01 July 2021
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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

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NewsHurricaneRMSAJ Gallagher
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