Three Bermuda insurance concerns gave figures that could put their Hurricane Katrina losses above a half-a-billion dollars as rating firms put Allstate, State Farm and other insurers and reinsurers on rating watch for a possible storm-related downgrade.

Fitch Ratings==in addition to Allstate and State Farm==put a Rating Watch Negative on Horace Mann Educators Corp., Montpelier Re Holdings Ltd., and PXRE Group Ltd., based on “potential large loss exposures to Hurricane Katrina.”

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