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ISO Labels 05 Costliest CAT Year

Insurance Services Office said that insurers' third-quarter losses of $40.8 billion were an all-time record and had made this the costliest year for catastrophes.The ...

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Insurance Services Office said that insurers’ third-quarter losses of $40.8 billion were an all-time record and had made this the costliest year for catastrophes.

The Jersey City, N.J.-based risk management products firm cited figures from its Property Claim Services unit.

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