Copyright © 2004 Business Insurance

"RMS Introduces Update on Hurricane Tracking" July 12, 2004

NEWARK, Calif.-Risk Management Solutions Inc., an enterprise risk management, catastrophe and weather services provider, has introduced its 2004 RiskOnline program.

The Web-based RiskOnline system tracks hurricanes that threaten the U.S. coastline and provides modeling of potential insured losses associated with these storms.

The program works with the National Hurricane Center storm updates. The RiskOnline program uses the updates from the NHC to filter and assign probabilities by tapping the Newark, Calif.-based RMS' stochastic database.

This database consists of 400,000 simulated storm tracks and assigns probabilistic loss by analyzing the National Hurricane Center notifications. By matching hurricane characteristics such as central pressure, forward velocity and directional coordinates, loss estimates and event landfall statistics can be assessed. RiskOnline subscribers receive 24-hour access to the latest loss projections.

For more information, contact Bill Turtle, vp of product marketing, at 952-854-0632, or visi the company's Web site at wmv.rw5.com

© Copyright Business Insurance 2004