Three Bermuda insurance concerns gave figures that could puttheir Hurricane Katrina losses above a half-a-billion dollars asrating firms put Allstate, State Farm and other insurers andreinsurers on rating watch for a possible storm-relateddowngrade.

Fitch Ratings==in addition to Allstate and State Farm==put aRating Watch Negative on Horace Mann Educators Corp., Montpelier ReHoldings Ltd., and PXRE Group Ltd., based on "potential large lossexposures to Hurricane Katrina."

Allstate and State Farm were also put on watch by Standard &Poor's, along with ACE, Allmerica, Montpelier Re Holdings Ltd., OilCasualty Insurance Ltd., Swiss Re and United Fire & CasualtyCo.

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