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Las Vegas–With the industry in the throes of another softening market, a pattern has emerged showing some insurers and reinsurers entering and exiting the public risk arena in an effort to gain new marketing outlets, underwriters here observed.

“In a softening market you see commercial insurers coming into the public entity sector and trying to take members away from [pooling mechanisms],” said Craig R. Smiddy, senior vice president, Munich-American Risk Partners in Princeton, N.J., an exhibitor at the Public Risk Management Association’s annual conference here.

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