Bryan and Gena are joined by Randy Hein, President of Berkley Transactional, for a discussion on the underlying economics of RWI policies and the implications of these economic factors for your next transaction.
Topics discussed include:
• Randy’s professional insurance background and how it led him to success at Berkley Transactional
• Why economic factors such as human capital and financial capital are crucial to understanding RWI policies
• The breakdown of “$1 dollar of premium” and how this relates to claims payouts
• Why projecting the costs of RWI claims is uniquely difficult for insurers
• How retentions factor into the economics of RWI
• Piggy-backing off a recent trip that Bryan and Gena took to Nashville, Randy shares his playlist favorites
