RMS Is First to Model Losses From Orkan Anatol, Southern Denmark's `Storm of the Century'.LONDON--(BUSINESS WIRE)--Dec. 10, 1999-- Risk Management Solutions (RMS) has estimated the total insured losses caused by Orkan Anatol's hurricane force winds across northern Europe on December 3 and 4 at $300-500 million. RMS was the first modeling company to notify its clients of Orkan Anatol, on December 7, allowing them to assess real-time losses on their desktops using a `best-fit' storm scenario from the RMS(TM) European Windstorm A European windstorm is a severe cyclonic storm that tracks across the North Atlantic towards northwestern Europe in the winter months. These storms usually track over the north coast of Scotland towards Norway but can veer south to affect other countries including England, Wales, Model's comprehensive stochastic database. The RMS model includes over 17,000 simulations of possible windstorm wind·storm n. A storm with high winds or violent gusts but little or no rain. windstorm A storm with high winds or violent gusts but little or no rain. events, and is the only model to incorporate the impact of storm surge storm surge: see under storm. . This is the third European windstorm for which RMS' real-time loss estimates have been made available to clients since the ground-breaking model was launched in 1997. Orkan Anatol's damaging winds swept across the northern tip of Germany, southern Denmark, southern Sweden, Poland, and the Baltic states Baltic states, the countries of Estonia, Latvia, and Lithuania, bordering on the eastern coast of the Baltic Sea. Formed in 1918, they remained independent republics until their involuntary incorporation in 1940 into the USSR. They regained their independence in Sept. , killing 17 people, causing power outages, and closing airports, bridges, and railways. The worst effects of the storm were felt in Denmark, where the Danish Meteorological Institute The Danish Meteorological Institute (Danish: Danmarks Meteorologiske Institut) is the official Danish meteorological institute, administrated by the Ministry of Transport and Energy. described the storm as the `worst this century', and record winds gusted up to 110 mph. In Sweden a nuclear power station was shut down. The storm's narrow windfield was similar to that of storm 87J over southeast England in October 1987. However, most of the highest windspeeds were located over the North Sea and Baltic Sea, concentrating the majority of losses in southern Denmark and resulting in significantly lower losses than those caused by 87J. 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 in 1988, RMS employs over 500 people worldwide. 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 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. RMS is a trademark of Risk Management Solutions, Inc. |
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