LMUs Spark More Interest Than Sales
American International Group may have the longest track record with loss mitigation underwriting, but the director of the insurers LMU group in New York admits the company has encountered some problems getting customers to pay for its services over the last few years.
John Rudolf of AIGs National Union Fire Insurance Company in New York spoke about the LMU product that AIG pioneered more than three years ago, during the final session of the annual meeting of the Minneapolis-based Professional Liability Underwriting Society held in Chicago last month.
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