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A new parametric index for estimating insured industry losses from U.S. earthquakes has been launched by Risk Management Solutions (RMS), complementing its existing suite of indices for U.S. hurricanes and Europe windstorms. Paradex U.S. Earthquake combines ground shaking data from U.S. Geological Survey (USGS) 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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