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Its My Party And I’ll Cry If I Want ToNew York

The faces were mostly glum and the humor was of the gallows variety when the biggest honchos in property-casualty insurance gathered here for the annual Joint Industry Forum.

At first blush, a casual observer might expect some celebration given recent developments. After all, net written premiums rose a healthy 13.6 percent through the first three quarters of 2002–the largest jump since the 23 percent posted in 1986. This gain is even more significant, coming during a time of low inflation.

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