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Oakland, CA
September 10, 2001
RiskMeter, the online source for insurance professionals for automated property lookups, is proud to announce an alliance with EQECAT, Inc. the worldwide leader providing state-of-the-art catastrophe risk management information, software and consulting services, to provide earthquake and wildfire information based on a risk's location. In addition to RiskMeter's current real-time offerings for determining the distance-to-shore, state windpool eligibility, rating territories and flood zone, RiskMeter will now offer comprehensive information for evaluating earthquake and wildfire hazards. More specifically, the RiskMeter can now determine the landslide susceptibility, soil conditions, distance to fault, AP Fault Zone (if applicable) and MMI for a given property. Also, Individual Earthquake Risk Scores can be provided, as well as Risk Specific Wildfire information.
With the new partnership, Riskmeter can now tap into EQECAT's extensive modeling, science and risk engineering experience.
"We're very excited about working with EQECAT. This alliance greatly enhances our service offerings to our clients, particularly those writing in California and other earthquake prone states. We are now able to offer our clients vital information for evaluating wildfire and earthquake hazards that has not been readily available online." says Dan Munson, VP Sales and Marketing, RiskMeter.
"We chose to work with RiskMeter because we felt that their innovative and easy-to-use product was a good compliment to our other natural hazard software products. EQECAT now has the capability to offer its clients location specific information through RiskMeter or to use our proprietary software to do more comprehensive risk or portfolio analyses." Says Rick Clinton, President of EQECAT.
With the added service offerings RiskMeter becomes the leading online solution for evaluating property hazards in earthquake prone areas such as the west coast and the New Madrid area and the major wildfire areas in the US. Using state-of-the art mapping technology, lookups are seconds away - making it fast, accurate, and simple to use.
About RiskMeter
RiskMeter, a web-based service from CDS Business Mapping, LLC, allows primary insurers, reinsurers, agents, and financial institutions to perform automated property lookups over the Internet. The site allows users to type in an address and a report is generated displaying natural hazard information affecting the rates for a given policy location. Unlike spending hours researching the information, RiskMeter uses state-of-the-art mapping technology, making it fast, accurate and simple to use.
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.
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