NU Online News Service, Nov. 18, 3:51 p.m. EDT

The U.S. residual property insurance marketplace continued to grow despite the economic downturn, according to a report issued by the Insurance Information Institute.

The report prepared by I.I.I. President Robert P. Hartwig and Claire Wilkinson, I.I.I.’s vice president of global issues, said that the residual, shared or involuntary market programs “make basic insurance coverage more readily available.”

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