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Convergence of Negative Economic Factors to Severely Test U.S. Insurance Industry in 2009
New TowerGroup research identifies top trends impacting insurance industry
The financial and housing crises, along with a prolonged soft market for insurance products, are converging to create a highly challenging environment for the U.S. insurance industry in 2009. These factors will force insurance carriers to adopt new skills and business discipline in order to survive the economic turmoil, according to new research from TowerGroup that identifies key insurance trends for the coming year.
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