RMS launches new U.S. Hurricane Loss Index

Catastrophe risk modeling firm Risk Management Solutions (RMS) has launched a new index for assessing insured industry losses from U.S. hurricanes. Named the Paradex U.S. Hurricane, it combines actual wind speeds at multiple locations with proprietary industry exposure data, according to RMS. Its insured loss estimates can be used by the insurance industry and capital markets to structure catastrophe bonds, industry loss warranties, and derivative contracts.