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Insurer Denies Fraud In Understating Katrina Claims

By Sara Stefanini (August 16, 2007, 12:00 AM EDT) -- PXRE Group Ltd. has moved to toss a class action lawsuit filed against it by shareholders who accused the insurer of purposefully understating its losses after Hurricane Katrina, arguing that it was just "an allegation of fraud by hindsight."...

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