Avoid Price ‘Gouging,’ Consultant Warns Insurers

“Getting the right price” will be one of the major issues facing property-casualty insurers in 2002, but that doesnt mean exactly the same thing to an industry consultant as it does to some of the insurers themselves.

“When I say ‘right,’ there’s clearly an opportunity now for companies to price gouge–and it’s happening,” according to Jeanne Hollister, a consulting actuary for Tillinghast-Towers Perrin in Hartford.

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