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To: yard_man who wrote (113495)7/19/2001 2:18:07 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
yep...yesterday St.Paul also said it was hit by claims. all the insurers have to struggle with the enormous overcapacities in the industry...no pricing power. i can imagine that that leads to them seeking higher returns on their investments, which means in turn that they take on more risk. i'll have to take a close look at their reports to see if i can find some corroborating evidence there.