The California Workers’ Compensation Insurance Rating Bureau (WCIRB) engaged EQECAT in Jan. 2003, a nationally recognized catastrophe modeling firm, to prepare an analysis of potential terrorism losses in California.
Preliminary results of the EQECAT terrorism model for California indicate California loss costs resulting from terrorist acts as defined in the Terrorism Risk and Insurance Act of 2002 range from less than $0.01 to $0.04 per $100 of payroll, depending on the underlying assumptions. The results of the study will be finalized and published within the next several weeks.
Was this article valuable?
Here are more articles you may enjoy.
Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
