The RAND Corporation, Risk Management Solutions, Inc. (RMS) and private investors have launched a company named Praedicat, Inc., that will provide consulting services and software to the property/casualty insurance industries, officials announced today.

The creation of Praedicat builds off of multi-year research and development projects by RAND and RMS on the identification and prioritization of emerging risks using modeling and cutting-edge computer science. Praedicat will maintain about a dozen employees and expects to locate in Culver City, Calif.

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