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Risk Management Solutions’ Version 11 catastrophe model is shifting rates higher and causing some risks to move from the admitted market back to excess-and-surplus-lines carriers, but the leader of one managing general agent group is concerned about the model’s overall impact on underwriting practices.

During the 86th annual meeting of the American Association of Managing General Agents, Immediate Past President Mark Rothert said RMS 11 is affecting the availability and cost of reinsurance—causing some risks to move out of the admitted markets.

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