Press Release Archive
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2004 Press Releases
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December 2004
EQECAT Issues First Probabilistic Catastrophe Model for U.S. Winter Storms
EQECAT announced today the release of the first Winter Storm Model to quantify and manage insurance exposures associated with snow and ice damage in the continental United States.
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November 2004
EQECAT Releases First Probabilistic US Wildfire and Flood Models for the Property Insurance Industry
EQECAT today released the first probabilistic models for managing property risk due to wildfire and flood in the United States.
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September 2004
2004 Set to be a '1 in 50' Series of Storm Events for Insurance Industry if Hurricane Ivan Hits United States
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August 2004
EQECAT Estimates $6 to $10 Billion Losses from Hurricane Charley
EQECAT estimates that Hurricane Charley has caused industry insured losses in the range of $6 to $10 billion in Florida.
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June 2004
Guy Carpenter & Company, Inc. and EQECAT announced their intention to jointly develop the "DACH Flood" software, an accumulation tool that will allow users to assess their exposure to flood in Europe using a fully probabilistic modelling approach.
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June 2004
EQECAT Releases the First High Resolution Tornado/Hail Catastrophe Model
EQECAT has announced the release of its US Tornado/Hail/Straight Wind model for assessing and managing insurance risk associated with these key natural hazard perils.
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May 2004
EQECAT Hurricane Model Certified by Florida Commission
EQECAT announced today that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) unanimously re-certified EQECAT's Hurricane model for use in Florida.
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February 2004
Insurers Should Plan for Repeat of Benchmark Catastrophe Events, EQECAT President Says
EQECAT estimates the 100 year and 250 year industry loss for earthquake to be $25 billion and $44 billion, respectively, and hurricane loss estimates to be $65 billion and $95 billion, respectively.
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February 2004
EQECAT announced new models for managing risks due to tornado, hail, winter storm, and wildfire perils, which combined have historically caused considerably greater loss than earthquakes and hurricanes.