Daily Briefings on Hurricane Floyd Highlight RMS Conference on Catastrophe Management; Record Attendance at Conference Kept Updated on Storm's Progress.LAKE TAHOE, Calif.--(BUSINESS WIRE)--Sept. 16, 1999-- Risk Management Solutions (RMS) today concluded its annual Client Conference on catastrophe management, which was attended by over 330 representatives from over 160 insurance, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , and other institutions from North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. , and the Caribbean. During the four-day conference, attendees participated in 32 sessions, including updates on RMS' global catastrophe models, discussions on the emerging weather insurance market, and a panel discussion with representatives from major rating agencies. Among those leading the sessions were fourteen guest speakers from insurance, reinsurance, rating agencies, and academic organizations. Participants also were given hands-on access to new RMS software products, including RiskLink(R)-DLM v4.1, RMS' next-generation software product for insurance portfolio management and catastrophe modeling
The progress of Hurricane Floyd This article is about the 1999 hurricane. For other storms of the same name, see Tropical Storm Floyd (disambiguation). Hurricane Floyd was the sixth named storm, fourth hurricane, and third major hurricane in the 1999 Atlantic hurricane season. was of great interest to the attendees, many of whom are directly responsible for managing their company's exposure and response to hurricanes and other catastrophes. In anticipation of potential hurricane activity, RMS relocated its event response team to the conference site at Lake Tahoe. The team monitored the storm's progress, used RMS models to generate estimates of insured losses as the storm evolved, and provided conference attendees and other clients with daily briefings and event bulletins. This is ninth consecutive year RMS has hosted this conference, which has grown to be the largest industry event of its kind in the world. This growth reflects the industry acceptance of catastrophe modeling as a tool for influencing pricing, underwriting, claims response, capacity management, and risk transfer decisions. Risk Management Solutions (www.riskinc.com) is the world's leading provider of products and services for the quantification and management of property catastrophe, natural hazard, and complex business risks. Its clients include leading insurers, reinsurers, industrial corporations, governments, and financial institutions. Founded at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. in 1988, RMS employs over 500 people worldwide, and has partnerships with leading companies in the areas of corporate risk, risk finance, and weather risk such as Arthur Andersen, EarthSat, and Oliver, Wyman & Company. RMS is owned by DMG (Disk iMaGe) The file format used in the Macintosh for distributing Mac software. Mac install packages appear as a virtual disk drive on the Mac as if you had inserted a CD or floppy disk. Information, a division of the U.K.-based Daily Mail and General Trust Daily Mail and General Trust plc (DMGT) is one of the UK's largest media companies and has interests in national and regional newspapers, television and radio. While the majority of the company's activities are based in the UK, it does have worldwide operations. plc media enterprise. Note to Editors: RiskLink is a registered trademark and RiskBrowser is a trademark of Risk Management Solutions, Inc. |
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