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Insurance industry urged to curb insured risks and costs
AP analysis notes U.S. life insurers hold assets of 239 billion in 1972 with 86 billion bonds 27 billion stocks and 77 billion mortgages. Critics say firms focus on profits and policy sales rather than reducing life and property hazards and costs. Melvin Gold challenges insurers during a conference urging clearer policy costs and proactive safety measures across auto health and workplace risks.
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