EQECAT to Provide WCIRB Earthquake Modeling

On March 15, 2002, EQECAT Inc. was awarded a contract to develop the earthquake loss costs for the Workers' Compensation Insurance Rating Bureau (WCIRB) of California. The loss costs are to be incorporated into their rate filing later this year. The Sept. 11, 2001 terrorist attacks compelled insurers to review the catastrophe loss potential of Workers' Compensation Insurance over a more comprehensive range of vulnerabilities including earthquakes, which like terrorist attacks, occur without warning and can cause mass destruction. EQECAT, an ABS Consulting company, provides insurers with a wa...