Rising disaster risks lead P/C insurers to review coverage

04/10/2012 | Reuters

Some property/casualty insurers that are reviewing their financial liabilities have decided to exit business in certain states as a result of the rising frequency of weather-related disasters. "Last year was an extraordinary year for natural disasters. Insurers have taken a step back to assess whether or not they can absorb severe losses," said Michael Barry of the Insurance Information Institute.

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