EQECAT, Press Room 2002

Archive 2002

2003 Catastrophe Management Summit: Solutions for Problems Facing the Insurance Industry Today
December, 2002
2003 Catastrophe Management Summit to be held at the Hyatt Regency Grand Cypress in Orlando, Florida from February 23-26, 2003.

EQECAT to Speak at Successfully Managing Terrorism Insurance Risk Conference
November 26, 2002
Peter R. Fisher, Treasury Under Secretary for Domestic Finance to address insurance industry in January 2003, at the "Successfully Managing Terrorism Insurance Risk" summit on the Terrorism Risk Insurance Act of 2002.

Report Into the Storm "Jeanette", 27th October, 2002
November 15, 2002
The storm "Jeanette" moved across the west coast of Ireland in the early hours of 27th October, and during the following day moved across northern England, the North Sea, Denmark and into Sweden.

Loss/Risk Management Notes: Terrorism Models Can Help Insurers
November, 2002
After marking the solemn one-year anniversary of Sept. 11, insurers can now use two new terrorism insurance models to analyze the financial impact of terrorist acts.

EQECAT Announces Dates for 2003 Catastrophe Management Conference
October 2, 2002
The 2003 EQECAT, Inc. Catastrophe Management for the Americas Conference will take place on February 23-26, 2003 at the Hyatt Regency Grand Cypress in Orlando, Florida.

EQECAT Estimates Insurance Industry Dodges $3 Billion Loss as Hurricane Lili Reaches Landfall as a Category 2 Rather than Category 4 Storm
October 7, 2002
EQECAT, Inc., an ABS Consulting company, estimates that insured property wind damage related losses from Hurricane Lili will probably be less than $500 million. There is a 20 percent probability, however, that losses could exceed $600 million.

Insurance Bureau of Canada to Redefine Canadian CRESTA Zone Boundaries Used to Manage Earthquake Loss Exposure
September 12, 2002
EQECAT, Inc., an ABS Consulting company, has been selected by the Insurance Bureau of Canada (IBC) to participate in a major industry study that will revise and redraw the Canadian CRESTA zone seismic boundaries.

EQECAT Releases Probabilistic Terrorism Insurance Model
September 12, 2002
EQECAT, Inc., an ABS Consulting company, today announced the release of a full probabilistic model for terrorism risk assessment for use by insurers and reinsurers.

EQECAT Supports Swiss Re in "Deal of the Year" - Pioneer 2002 Ltd.
September 10, 2002
EQECAT, Inc., an ABS Consulting company, announced today that it has provided the risk analysis in support of Pioneer 2002 Ltd., a special purpose company established by Swiss Re to protect itself from the occurrences of large natural catastrophes in Europe, North America and Japan.

EQECAT Preliminary Report into the Flooding of the Elbe and Donau
August, 2002
The flood event was triggered by unusual, but not exceptional, meteorological conditions. Two rain-bearing depressions (Vb category of European cyclones) crossed Europe in close succession during the first half of August.

EQECAT Releases WORLDCATenterprise™ 3.0, the First Global Catastrophe Management Modeling Software that Covers 88 Countries
April 23, 2002
WORLDCATenterprise™ 3.0 enables property insurers and reinsurers to underwrite and manage accumulations for global catastrophe exposure using a single product platform.

EQECAT's 2002 European Conference
April, 2002
The 2002 EQECAT European Conference will be held at the Hotel Ambassadeur in Nice from June 11 to June 14.

EQECAT to Develop Compensation Loss Costs Models for Workers' Compensation Insurance Rating Bureau (WCIRB) of California
April 3, 2002
On March 15, 2002, EQECAT, Inc. was awarded a contract to develop the earthquake loss costs for Workers' Compensation Insurance Rating Bureau (WCIRB) of California. The loss costs are to be incorporated into their rate filing later this year.