In October 2005, in the wake of the Hurricane Katrina disaster, RMS held a meeting in Bermuda with four hurricane specialists, all of the alarmist persuasion, to quiz them as to how they thought hurricane activity was likely to be affected between 2006 and 2010, thanks to climate change, and how this would impact on the southern United States, notably Florida. On the basis of this meeting, RMS advised the re-insurers that the risk of hurricane damage over the next four years was hugely increased. The companies found that their reserves were $82 billion short of what they might be expected to pay. Premiums, particularly in Florida, accordingly rocketed upwards.