Staff writer
In a demonstration of intensifying competition in the insurance industry, a company announced Friday what it is hawking as the world's first savings-oriented auto insurance. Just 30 minutes later, another firm introduced an identical product.
Nippon Fire & Marine Insurance Co., unveiled a multiyear auto-insurance policy that guarantees policyholders repayment of premiums when their policies mature, even if they had accidents while covered by the insurance.
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