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Putting Hurricanes In Perspective

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Is the industry facing a hard market or business-as-usual? Are first reports of hurricane losses overly-optimistic? In an exclusive video interview, Insurance Journal publisher Mark Wells asks these questions to Jerry Sullivan of The Sullivan Group as they explore the long-term implications of the losses from recent hurricanes.

Mr. Sullivan has a lot of experience with reinsurance placements following a major hurricane. He is Chairman of The Sullivan Group, a consortium of firms that deal in reinsurance, excess & surplus lines, programs, commercial lines, structured settlements, employee benefits, professional liability and risk management services. The Sullivan Group's origins date back to 1933 and last year's annual premiums were in excess of $1.4 billion. His first major hurricane experience was with Hurricane Betsy in 1965.

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