Reader JN passes along the RMS response to the recent Sarasota Herald-Tribune articles on cat modeling I blogged about here.
Here’s the heart of RMS’ argument, which it sent to the paper as a letter to the editor:
As an independent catastrophe risk modeler, the aim of our models has always been to provide the best unbiased estimate of risk to help the insurance industry and policy-holders to recognize and manage, and where possible, reduce the risk through the application of risk mitigation programs and initiatives. There is no commercial advantage for us to overstate the risk.
A full pdf of the response is here.