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MONTE CARLO–Reinsurers and primary insurers flush with cash after a few good years could be spending their money more wisely and beef up their training and technology, said an industry expert here.

“With the profitable years the industry has had, it’s a great opportunity to invest in technology and training and best practices that would sustain earnings over the long term,” said David M. Siesko, a principal with Siesko Partners, a New York-based firm that helps resolve conflicts between policyholders and their carriers.

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