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Reinsurance & RMS: New Model, Combined With First-Half Cat Losses, Augur For Double-Digit Rate Increases In 2012
By Susan R. A. HoneymanAlmost every discussion of 2012 reinsurance rates for U.S. property risks touches on major changes in catastrophe modelsboth the recently released Risk Management Solutions (RMS) version 11.0 U.S. Hurricane Model; and, to a lesser extent, AIR Worldwides revisions released last year but only now making their way through the system....