EQECAT Hurricane Model Recertified by Florida Commission on Hurricane Loss Projection Methodology

June 24, 2009

Oakland, California

EQECAT, Inc., the authority on extreme-risk modeling, announced that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has recertified EQECAT’s hurricane model for projecting hurricane loss costs and probable maximum loss levels for personal residential rate filings in Florida.

The EQECAT model is based upon generally accepted science, engineering expertise, claims data and advanced mathematics.

The EQECAT North Atlantic Hurricane model, a probabilistic model designed to estimate potential damage and insured losses due to hurricanes in the mainland United States, the islands of the Caribbean, the Bahamas and Bermuda met all the requirements established by the FCHLPM.

The model was first released commercially in late 1995 and is used by primary insurers and reinsurers, as well as financial institutions and intermediaries for portfolio management, pricing and risk transfer planning.

"We are pleased with FCHLPM’s decision to recertify EQECAT's model," said Bill Keogh, senior vice president of EQECAT. "EQECAT’s modeled risk perspective enhances our clients' abilities to make prudent long-term risk decisions. The FCHLPM certification provides added confidence that our model provides accurate and reliable loss projections."

For additional information about EQECAT’s products and services, please visit www.eqecat.com.

EQECAT Software Enables Clients Worldwide to Assess, Manage Wide Range of Risks

EQECAT and its parent ABSG Consulting Inc. (ABS Consulting) provide services to the global property and casualty insurance industry, major multinational corporations and financial institutions. EQECAT is known as the technical leader and innovator in the development of analysis tools and consulting services to quantify exposure to natural and man-made catastrophic risk.

Through its extreme-risk modeling software platform, WORLDCATenterprise™, EQECAT enables clients to assess and manage potential damage and loss from wind, earthquake, flood, wildfire, and terrorism, among other perils. WORLDCATenterprise™ includes 177 natural hazard software models for 89 countries spanning six continents.

EQECAT was founded in 1994 and is headquartered in Oakland, California. For additional information, please visit www.EQECAT.com and www.absconsulting.com.