BCAR's unintended consequences?

Willis Re's Raju Bohra highlighted a number of unintended
consequences that could impact the P&C sector as a result of
the revisions to AM Best's Capital Adequacy Ratio (BCAR)
model.
Smaller companies could see their BCAR scores drop dramatically
under the updated model. The changes could also make it harder for
a carrier to enter a new line of business as the charge is based on
the amount of business in a particular line rather than the overall
size of...