NU Online News Service, Jan.21, 00:00 a.m. EST
Risk Management Solutions said it has developed a new product for estimating insured losses from U.S. earthquakes.
The Newark, Calif.-based firm said its parametric index, Paradex U.S Earthquake, combines ground shaking data from U.S. Geological Survey ShakeMaps with industry exposure data to calculate insured loss estimates, which can be used to structure and monitor catastrophe bonds, industry loss warranties, and derivative contracts.
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