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.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
