NU Online News Service, June 30, 2:43 p.m. EDT
World insurance premium volume fell for the first time since 1980 by 2 percent after years of expansion, according to a report released by Swiss Re.
In its study, "World Insurance in 2008," the Zurich, Switzerland-based carrier said non-life premiums shrank by 0.8 percent in 2008 compared to the previous year's growth of 1.5 percent.
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