Dear friend,
RMS have just sent me a report they've done all about how the industry should approach insuring flood risk New Orleans and other cities like it in the light of Katrina.
It's called Flood Risk in New Orleans. Implications for Future Management and Insurability.
I haven't had time to have proper look at it yet, but I just wanted to share it with you.
I remember Hemant Shah of RMS saying at our Monte Carlo 2005 round table that flood risk was "the third rail of modelling - you touch it at your peril!"
Needless to say sparks will fly and this looks like required reading for all Cat writers.
Comments (1)
I can't access the rms article through your links. Is there a problem?
Posted by Paul Dzielinski | December 14, 2006 7:10 PM