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Charles L. Ruoff says the first-quarter financial performance of the U.S. P&C insurance industry “suggests that the target for a 2012 cyclical change may be delayed until the start of 2013.”

NU Online News Service, July 25, 3:00 p.m. EDT

The property and casualty industry’s figures may not be as bad as some believe, and because of that a change in the soft-market direction may be delayed until the beginning of 2013, says an industry consultant.

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