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Investors Give P-C IndustryTheir Vote Of Confidence

You would think that investors would be shying away from the insurance industry, what with poor earnings reports, tens of billions in terrorism losses and the possibility that the federal government will not provide adequate reinsurance coverage in case of another terrorist attack.

However, as shown by a story in last week’s edition–”Capital Pouring Into Insurance Ventures”–that is not the case. Investors are looking for opportunities in the wake of the Sept. 11 terrorist attacks that have drained at least $16.6 billion from the industry’s reserves thus far, with many more claims to come.

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