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To: Mighty_Mezz who wrote (5452)11/5/1997 10:47:00 AM
From: JDN  Respond to of 31646
 
Dear David: Nope, I dont. Just happened to read this when scanning news on Yahoo Finance. I dont recall any pricing news. Unfortunately I didnt cut and paste the article as I was in a hurry to scan all news before the market opened. JDN



To: Mighty_Mezz who wrote (5452)11/5/1997 10:52:00 AM
From: Gerald Underwood  Respond to of 31646
 
David,

It would be my guess that insurance premiums start at 65% of coverage and are negotiated downwards depending on the amount of decreased risk. This can only be determined by an accurate risk assessment performed by a qualified company. We are talking in the millions here for large corporations. IMO as more companies approach deadline without the assurance of completing their remediation, the more attractive the insurance is going to look. So a rapid and thourough assessment will become mandatory if any true risk value is to be established.

Regards,

Gerry



To: Mighty_Mezz who wrote (5452)11/5/1997 11:03:00 AM
From: RDavidson  Read Replies (1) | Respond to of 31646
 
David,

65% sounds like a premium assessed with pretty sketchy underwriting. Since TPRO was just added to Aon team, 65% rule may soon be out the window IMHO.

RD