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Chapter 6 Page 17

I

indexo

Member
Hi,

Just want to understand the last sentence of this page better.
" This can cause issues where large multinational insured risk has one out of thousands of properties in a PML block that is now at its limit."
Why is this so?
 
What they're saying is that if it's only one property in a huge block that's hit the PML, then it may be a bit premature to stop writing business in that block. After all, it's only one property.
 
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