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Insurance rating service A.M. Best said it has lowered the baseline number for recoverables and loss used in its catastrophe test to issue ratings after numerous discussions with members of the industry.

The Oldwick, N.J.-based company announced the changes last week, saying that with the recent enhancements to catastrophe management tools and after numerous discussions with carriers, modeling agencies, brokers, regulators and investment bankers, it would be prudent to do so.

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