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2009 claims insurers’ profits

General insurers saw net claims incurred jump 20 per cent in 2009 when compared to the year prior, even while revenues grew by only eight per cent. Gross premiums booked by 10 general insurers last year totaled $23.3 billion, up from $21.5 billion, while net claims rose by $1.6 billion to $9.4 billion. The result…

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