Insurance rating service A.M. Best said it has lowered thebaseline number for recoverables and loss used in its catastrophetest to issue ratings after numerous discussions with members ofthe industry.
The Oldwick, N.J.-based company announced the changes last week,saying that with the recent enhancements to catastrophe managementtools and after numerous discussions with carriers, modelingagencies, brokers, regulators and investment bankers, it would beprudent to do so.
"From time to time we consider those comments, and we do makeadjustments in the rating criteria as we see fit," said MattMosher, group vice president of property-casualty ratings, during aconference call last week.
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