ARTEMIS
New analysis by catastrophe risk modelling and management firm RMS, reveals that rising sea levels signal a potential rise in economic and insured losses from hurricane-driven storm surge across the U.S. coastline.
The new study examines six U.S. coastline cities’ current exposure to storm surge activity and how this is expected to change through to the year 2100, so the next 85 years.
The cities included were Baltimore, Boston, Miami, New Orleans, New York and Tampa and, the study focuses on the potential for each region to experience a storm surge event that will cause at least $15 billion in economic losses in a given year.
Currently, notes RMS, Tampa has a 1-in-80 chance of experiencing economic losses of at least $15 billion from such an event, the most likely of the cities in the research and followed by Miami, which has a 1-in-125 chance.