Business Services Industry
Experts say start early.(Spotlight: Property/Casualty Market Report)(underwriting of property insurance)
Business Insurance, January, 2007 by Hofmann, Mark A.
Byline: Mark A. Hofmann ***** Correction: A story in the Jan. 8 issue misstated the title of Gary Thompson at Hartford Financial Services Group Inc. He is executive vp-middle market and specialty practices in the insurer's property casualty division. ***** Regardless of the nature of an account's property exposures, risk managers should make sure that underwriters receive as much information as early as possible in the renewal process, observers say.
"Data is critical,'' said Kevin Kelley, chairman and chief executive officer for Lexington Insurance Co., a Boston-based unit of American International Group Inc. The more information they can provide "in an organized fashion is certainly helpful to property underwriters,'' said Ed Radzinski, vp of...
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