NU Online News Service, Jan. 12, 2:49 p.m. EST

NEW YORK—The planned revisions of a catastrophe model could cause interesting changes to the way the industry prices its property insurance, according to executives at the Property and Casualty Insurance Joint Industry Forum in New York City.

Here a panel of top insurance executives broached the topic of the latest version of Risk Management Solution's (RMS) U.S. hurricane model and the potential effects it could have on rates. The model is said to make adjustments to the impact of wind during a hurricane—possibly putting more risk inland as the modeler looks at the interaction of wind and the surface of the sea.

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