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INSURANCE
James River halts underwriting
The property & casualty insurer hiked its estimate for Hurricane Katrina losses to $1-$1.18 a share and said it's suspending property underwriting until it's convinced it can make "consistent underwriting profits." James River Group will focus on the casualty market; it warned it won't meet its '05 profit targets. Shares fell 13% to a new low of 17.60 after coming public at $18 on Aug. 9.
BUSINESS SERVICES
VNU defends IMS buy to investors
The Dutch market and ...