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RMS replies to Florida plea |
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Modeling experts RMS have issued their response to a request from the Florida speaker for more information on how the company builds its hurricane model for the state.
Speaker Marco Rubio had asked the company for details on how it came up with its model and how it decided on the exposure levels for properties and businesses across the hurricane hit state.
RMS issued its response, in which it said it has provided the information requested and hope it would be the start of a continuing dialogue between the industry and state government.
"We look forward to engaging in an ongoing dialogue on the current state of hurricane risk and the extensive scientific research RMS uses in the development of our hurricane loss projection model for Florida,” it said. “We strongly believe that working closely with the Florida legislature will help bring a neutral science-based perspective to the understanding of hurricane catastrophe risk in Florida, which will ultimately inform the process for establishing longer term solutions to the current insurance crisis in Florida."
This News item appeared in issue 112 of JTW News - February 2007
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