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FILE - In this March 14, 2006 file photo the sculpture "Man Walking" by U.S. artist Jonathan Borofsky stands in front of the headquarters of Munich Re AG, the world's largest reinsurer by gross premiums, in Munich, southern Germany. Munich Re said it lost nearly $1.45 billion in the first quarter after natural disasters in Japan, New Zealand and Australia took their toll. (AP Photo/Diether Endlicher, file)

NU Online News Service, May 9, 2:55 p.m. EDT

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