Move to Seasonal Deductibles Does Not Create Uniform Increase in AAL, EQECAT Says

Contrary to views held by some, a review by EQECAT, Inc., the authority on extreme risk modeling, shows that the relative increase in Average Annual Loss (AAL) by moving to seasonal deductibles from occurrence deductibles is not uniform in Florida. As announced earlier, starting in May 2005, annual deductibles in Florida, must be specified in policies, according to newly mandated rules. The two-day conference focuses on “the future of cat modeling”; the benefits of EQECAT’s updated catastrophe models, which are part of its highly regarded WORLDCATenterprise(TM) platform; and, a variety of other man-made and natural hazards, which are key issues for insurance and reinsurance companies in the United States and abroad…..

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