NU Online News Service, Oct. 12, 11:56 a.m. EDT
SAN DIEGO—Risk Management Solutions' revised catastrophe model has already been mentioned as a reason for insurers' rate increases for some property risks, but how are brokers and insureds handling the news that premiums are going up, in part due to a model revision?
“Not well at all,” says Judy Patterson, a property underwriter at specialty-insurer Beazley, interviewed at the National Association of Professional Surplus Lines Offices annual conference here.
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