EQECAT's Hurricane Model Meets All Standards of Florida Commission

Oakland, CA

May 11, 2001

EQECAT is pleased to report that the Florida Commission on Hurricane Loss Projection Methodology has approved its proprietary USWIND^® model, part of the WORLDCATenterprise™ platform. The standards that must be met include specific meteorological, actuarial, vulnerability, statistical (e.g., sensitivity and uncertainty analysis) and computer science tests. Qualifications of modeler personnel and consultants are also assessed.

Dr. Mahmoud Khater, Senior Vice President of EQECAT, and leader of the modeling team, notes

"Our objective is to meet the business needs of our clients and to achieve the demanding standards set by the Commission. EQECAT has been certified since the initiation of the Florida Commission. We are pleased that the work of our team of engineers, scientists and mathematicians has again been validated by the Commission's Professional Team."

EQECAT, Inc. provides state-of-the-art products and services to the global property and casualty insurance, reinsurance and financial markets. EQECAT is the technical leader and innovator of catastrophe risk management models that quantify exposure to a range of natural and man-made catastrophic risks.

Through its modeling software platform, WORLDCATenterprise, EQECAT enables clients to quantify and manage the potential financial impact of natural hazards. WORLDCATenterprise includes 181 natural hazard software models for 95 countries spanning six continents. These models are based upon innovative applications of the latest science, engineering expertise, claims and exposure data and advanced mathematics.

EQECAT, a subsidiary of ABSG Consulting Inc., was founded in 1994 and is headquartered in Oakland, California.

For more information, contact:

pr@eqecat.com

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