Filed Under:Markets, Commercial Lines

RMS: Power Reconnection a Major Variable in Sandy Insured Losses

Too many important variables remain unknown to be able to come up with a reliable estimate of insured losses from Superstorm Sandy, says catastrophe modeler Risk Management Solutions (RMS). 

“Issues continue to tickle the meter in terms of insured losses; this is an ongoing event,” Michael Kistler, director of Model Solutions at RMS, tells PC360. “Our goal is to produce a stable, usable number for the industry to use.” 

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