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NU Online News Service, May 20, 3:11 p.m. EDT

ORLANDO, FLA.–Insurers must be bold in the recession and not let fear govern their decisions during the economic downturn, futurist David Smith told an industry conference here.

In a keynote address at the ACORD-LOMA Insurance Systems Forum, Mr. Smith, chief executive officer of Global Futures & Foresight, said the worst thing insurers can do in this economic downturn is fire talent, cut back on technology investments, reduce new product development, and replace growth-oriented CEOs with cost-cutting CEOs.

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