Report: Insurers Suspending Exposure To Specific Risks

…as reinsurers adopt new strategies   As catastrophes keep emerging in different dimensions globally, underwriters are also adopting measures to remain in business as well as cut cost and sustain profitability. To remain afloat in this regard, insurers across the world are taking measures as report emerges that those operating in the United States have resorted to suspending exposure to certain risks. A report by Atlas Magazine specifically said several US insurers were suspending the underwriting of certain coverages in order to reduce their exposure to specific risks. The report…

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