Newark, Calif. — Risk Management Solutions (RMS) launched an initiative to keep businesses informed of the impact of catastrophic events by making its expert analysis publicly available on its Web site. The RMS Cat Updates service, which has long provided the insurance industry with damage summaries and loss reports following significant natural or man-made catastrophes, applies expert scientific analysis to data from a wide range of sources. Information is posted within hours of a catastrophe occurring and is updated as the situation unfolds. The service is being launched in time for the U.S. hurricane season, the company reports.
“Historically, our business has focused on the insurance market, but we believe other industries affected by catastrophic events can also benefit from our timely analysis,” says Neena Saith, catastrophe response manager for RMS. “The service is a one-stop shop for scientific analyses and damage reports, and also will benefit those serving humanitarian needs. By offering public access to our Cat Updates, we can provide guidance to any impacted industry, from energy companies with operations in hurricane-stricken areas to traders concerned about an event’s likely effect on food prices.”
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