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Study: Insurers’ Customer Retention Critical in Hard Economic Times

As millions of U.S. households face financial hardship in the current U.S. recession, retaining existing customers has never been more important. For insurance carriers in terms of long-term profitability, customer retention is tops, according to the J.D. Power and Associates 2009 Personal Insurance Retention Special Report. The report finds that in the past 12 months,…

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