WCIRB Unveils Summary of Terrorism Loss Coss Estimates for 11 States & D.C.
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.
- California Sees Two More Property Insurers Withdraw From Market
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
- EPA Designates PFAS Chemicals as Superfund Hazardous Substances
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability