What If The Oroville Dam Had Collapsed Completely?
RMS modeling reveals the wider risk of U.S. flooding, and a significant protection gap A combination of heavy rainfall and melting snow had filled Lake Oroville in northern California near to its...
View ArticleOur Flood Insurance System is Broken. Here’s How We Fix It.
Matthew Nielsen, senior director, governmental and regulatory affairs, RMS Daniel Stander, managing director, RMS This blog was first published in The Hill Katrina. Sandy. Matthew. We tend to remember...
View ArticleNFIP Losses from Harvey Estimated to Reach US$7-10 Billion
Pete Dailey, vice president – Product Management, RMS On Wednesday, RMS reported that, based on our modeling, the overall combined wind, surge, and inland flood losses from Hurricane Harvey will be...
View ArticleFlood Risk, NFIP and the Role of Reinsurance
Shortly after its landfall, my colleague, Ben Brookes, and I drew attention in the RMS live Harvey updates to the fact that the storm was “not a wind event.” Like Sandy, flood losses, we wrote, would...
View ArticleNew Florida Flood Modeling Standards Will Help Develop the Insurance Market
Hurricane Irma has placed flooding firmly back on the agenda for Florida. Irma did affect the entire state and flooding was widespread, affecting areas from Brickell in Miami’s financial district, to...
View ArticleNFIP: An Opportunity for Reform
Time is tight for the National Flood Insurance Program (NFIP). A three-month extension of the NFIP signed by President Donald Trump to help devise a long-term financial solution for the program,...
View ArticleWhat’s Happening with Flood? Ask an Expert
Flood risk is one of the most severe natural hazards in the United States, yet maybe it is one of the least well-managed, and least understood by insurers. It is not surprising that many insurers have...
View ArticleA Turning Tide?
Guest Blog: Jane Warring, senior counsel, Clyde & Co. U.S. LLP A few weeks’ back I attended my first Exceedance. If you go to a new conference, you are never entirely sure what to expect. Suffice...
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