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.
- 1-in-7 U.S Homeowners Uninsured, Report Shows
- Trump’s Tariffs Send Deliberate Shock to Heart of Global Economy
- What Chief Claims Officers Can Do About a Growing Trend of Alleged Bad Faith Claims
- How A Long-Lived Super-Regional Carrier is Implementing AI in Claims
- Lemonade Embraced AI in Claims From Inception, And Is Still Eying The Next Tech
- What Chief Claims Officers Can Do About a Growing Trend of Alleged Bad Faith Claims
- State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software
- Ineos Recalls 7,000 SUVs After Doors Fly Open While Driving