Press Release Archive
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2005 Press Releases
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July 2005
EQECAT Releases New Generation of WORLDCATenterprise™
EQECAT today released a new generation of WORLDCATenterprise™, version 3.7, which includes model updates for USQuake, US Hurricane, and Belgium Quake modeling technology.
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July 2005
EQECAT Post- Hurricane Dennis Estimates of Insured Losses
EQECAT said based upon current information, estimated insured losses resulting from Hurricane Dennis could range from $1 to $4 billion.
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July 2005
EQECAT Updated Estimates of Insured Losses From Hurricane Dennis
EQECAT said based upon current information provided by the National Oceanic and Atmospheric Administration (NOAA) about Hurricane Dennis, which strengthened between mid-day Saturday and landfall Sunday, estimated insured losses could range from $3 to $8 billion.
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June 2005
EQECAT today announced that it has signed a multi-year contract with the Reinsurance business of Towers Perrin (Reinsurance) to use EQECAT's Tornado/Hail model, which is a part of its WORLDCATenterprise™ catastrophe management software suite, to estimate loss potential for existing and prospective clients.
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June 2005
EQECAT Sees More Than One in Three Chance of Large US Hurricane Catastrophe-Losses in 2005
EQECAT today said a review of hurricane trends showed there is more than a one in three chance of large hurricane catastrophe-losses in the United States in the current season, based upon current forecasts by the National Hurricane Center (NHC) which has suggested 2005 is likely to be an "above average" year.
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June 2005
EQECAT Hurricane Model Re-Certified by Florida Commission
EQECAT said today that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) again unanimously re-certified EQECAT's Hurricane model for use in Florida.
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May 2005
Move to Seasonal Deductibles Does Not Create Uniform Increase in AAL, EQECAT Says
Contrary to views held by some, a review by EQECAT shows that the relative increase in Average Annual Loss (AAL) by moving to seasonal deductibles from occurrence deductibles is not uniform in Florida.
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May 2005
EQECAT Convenes Catastrophe Management Client-Meeting To Explore “Future Of Cat Modeling"
EQECAT today convened, in New York City, the second in its series of regional 2005 Catastrophe Management client-meetings.
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May 2005
EQECAT Convenes Catastrophe Management Client-Meeting to Explore “Future of Cat Modeling"
EQECAT today convened, in New York City, the second in its series of regional 2005 Catastrophe Management client-meetings.
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May 2005
EQECAT Wraps Up First In Series Of 2005 Regional Catastrophe Management Client-Meetings
EQECAT has wrapped up the first in a series of regional 2005 Catastrophe Management client-meetings in Dublin, Ireland.
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May 2005
EQECAT Wraps Up First in Series of 2005 Regional Catastrophe Management Client-Meetings
EQECAT has wrapped up the first in a series of regional 2005 Catastrophe Management client-meetings in Dublin, Ireland.
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April 2005
EQECAT Announces US Hurricane Model Challenge
EQECAT, Inc. proposes to model the 2004 hurricane events for Florida exposure for comparison against the estimates generated by other models, according to Richard Clinton, president of EQECAT, the leading authority on extreme-risk modeling.