The California Workers’ Compensation Insurance Rating Bureau (WCIRB) has prepared and released a summary of loss cost estimates for eleven states and the District of Columbia that were published by the NCCI based on the terrorism model developed by EQECAT, a nationally recognized catastrophe modeling firm. In addition to including the “lower range” and “upper range” estimates of terrorism loss costs per $100 of payroll, the summary shows several multi-jurisdiction averages and comparisons of the lower and upper range estimates to 2003 California loss costs.
The WCIRB is contracting with EQECAT to develop estimates of potential terrorism losses for California. It is anticipated that the results of this effort will be available by the end of February and published shortly thereafter. The results may also form the basis of a WCIRB advisory or pure premium rate filing.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
