Insurers and other businesses are not prepared for the risk of another influenza pandemic, possibly more severe than the 1918 outbreak that killed an estimated 50-to-100 million people, according to a modeling firm.
There is a 20 percent chance of such an event occurring, according to scenarios modeled by Newark, Calif.-based Risk Management Solutions, which said it has completed a probabilistic model for assessing the risk of influenza pandemics across multiple countries.
RMS said earlier studies have illustrated the effects of various pandemic scenarios, most commonly a repeat of the 1918 influenza pandemic that had a mortality level of 67 percent in the United States and even more severe effects in other countries.
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