EQECAT Hurricane Model Re-Certified by Florida Commission on Hurricane Loss Methodology; EQECAT Model Certification Is Ninth Consecutive.

OAKLAND, Calif. -- EQECAT, Inc., the authority on extreme-risk modeling, today announced the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has unanimously re-certified EQECAT's Hurricane model for use in Florida.

"EQECAT has been certified by the FCHLPM nine consecutive times," said Tom Larsen, senior vice president, of EQECAT. "Our number one priority is to provide the very best tools, based upon the most current science and engineering, and support to our clients so they can efficiently manage their books of business across a range of global perils."

"In addition to the enhancements made to our models to effectively support the needs of the market, our models are user-friendly and able to be easily integrated into various corporate risk assessment platforms used by the insurance industry," he said.

Hurricane Model Met All Requirements From Validation to Statistics

The EQECAT Hurricane model met all requirements established by the FCHLPM, including those covering vulnerability, validation, computing, statistics, and the actuarial use of modeled loss costs.

Released in 1994, EQECAT's U.S. Hurricane model has undergone five major upgrades and is used by primary insurers and reinsurers, as well as financial institutions and intermediaries for portfolio management, pricing, and risk transfer planning.

EQECAT Serves Global Clients Through Extensive WORLDCATenterprise(TM)

Through its user-friendly, extreme-risk modeling software, WORLDCATenterprise(TM), EQECAT enables clients to assess and manage potential damage and loss from wind, earthquakes, flood, wildfire, and terrorism, among other perils. WORLDCATenterprise(TM) includes 167 natural hazard software models for 88 countries spanning six continents.

EQECAT, and its parent ABS Consulting, serve the global property and casualty insurance industry, major multinational corporations and financial institutions. EQECAT is known as the technical leader and innovator in the development of analysis tools and methodologies to quantify insurers' and major corporations' exposure to natural and man-made catastrophic risk.

EQECAT was founded in 1994 and is headquartered in Oakland, California. For additional information, please log on to www.absconsulting.com, or www.EQECAT.com.