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Article Excerpt
Byline: JUDY GREENWALD
A hard market is highly unlikely to materialize without a major catastropheeither natural or financial, say many observers.
Others, however, believe other factors, including low interest rates, eventually will lead to a market turn.
"The industry went through a significant dislocation with the financial crisis and Hurricane Ike and it was not enough to harden the market. It will "take a significant amount of capital to be withdrawn, said Devin Inskeep, senior financial analyst with Oldwick, N.J.-based A.M. Best Co. Inc.
"We think it's going to take a very significant cat, even north of $50 billion,...
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