Most of the property catastrophe excess of loss (CAT XOL) reinsurance layers in
The concentration of high-tech risks in the country’s science parks results in an accumulation of insured values. In case of a severe earthquake, the insured loss from the science parks could add a significant amount to the total insured losses on top of the normal residential and commercial risks, due to business interruption as well as damage to buildings and expensive equipment. To manage these risks, in A.M. Best’s view, the
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