Risk Management Solutions Inc. (RMS), a Newark, Calif.-based provider of products and services for catastrophe risk management, has released the findings of an in-depth study that provides workers compensation, life, and health insurers with key benchmarks for the potential risk of human casualties from catastrophic events.Among other findings, the study demonstrates that while many in the insurance industry view the World Trade Center attack as a worst-case event, there are numerous natural and man-made events that could cause significantly higher casualties and associated insured losses.
The RMS study, titled "Catastrophe, Injury, and Insurance: The Impact of Catastrophes on Workers Compensation, Life, and Health Insurance," provides an extensive analysis of potential catastrophic risk for these segments of the insurance industry. It was conducted with the support and involvement of leading industry experts including representatives of ACE Tempest Re, Endurance, Guy Carpenter, Holborn Corporation, ING Re, John P. Woods, Swiss Re, and Willis.
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