Charging exorbitant rates for catastrophic insurance

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Reference no: EM132165126

Property and casualty insurers are often criticized for charging exorbitant rates for catastrophic insurance such as earthquake, flood, and terrorism coverage in efforts to maintain financial ratings and preserve assets. Do you think that this line of thinking reflects sound business practices? If so, explain your position. If not, explain why you feel that this business practice is discriminatory. this need to be 250 word min.

Reference no: EM132165126

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