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