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Subject:  Re: Catastrophe Modeling: A New Approach to Mana Date:  4/26/2005  9:21 AM
Author:  activeREinvestor Number:  294 of 297

Why does Walmart have better prices for the consumer and therefore the ability to crush people who are overcharging?

Competition in insurance tends to drive prices below what is needed when a major even happens. Then premiums harden and the business becomes more profitable again. Tough industry.

John B. Corey Jr.

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