We wanted to have this hearing and talk about the dynamics in the market. Frankly, how do you accurately assess risk and how do you price risk? It's clear that Losses are getting more frequent and larger. When you think about insurance, you have to be able to price that in. It costs more money, it happens more often. How in the world don't prices go up? (00:15–00:18)
CLAIM
Asserts that losses in the insurance market are becoming more frequent and larger.
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