RMS announces the release of its North American hurricane modelsuite, version 13.0, which has the ability to quantify therisk from catastrophic hurricane-driven storm surge, and includesnew insights into future hurricane activity levels.
"Hurricane Sandy revealed just how real storm surge risk is,"says Dr. Claire Souch, vice president, model solutions at RMS. "Ourmodel shows there is a 20 percent chance that storm surgeloss will be greater than wind loss for any U.S hurricane thatmakes landfall, which rises to almost 40 percent along thenortheast coast of the United States. This is a risk the market canno longer afford to ignore."
Version 13.0 builds on RMS' storm surge methodology, which wasinitially launched in 2011. The model simulates the interactionbetween wind and surge throughout the entire lifecycle of eachhurricane using a state-of-the-art hydrodynamic model.
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