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The insurance industry is expected to see its strongest growth since 2004, according to one industry economist—but he adds that the good news is moderated by consistent large underwriting losses.

Speaking at the International Association of Claims Professionals New York Conference May 31, Steven Weisbart, the Insurance Information Institute’s (I.I.I.) senior vice president and chief economist, told attendees  that “the economic picture is brightening” and the industry is “not too far away from reaching a hard market.”

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