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Louisiana, Mississippi Insurers Face Record Losses

The record total of homeowners' insurance claim payments that resulted from the 2005 hurricanes in the Gulf area is enough to wipe out all homeowners' premiums paid in Louisiana during the past 25

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The record total of homeowners’ insurance claim payments that resulted from the 2005 hurricanes in the Gulf area is enough to wipe out all homeowners’ premiums paid in Louisiana during the past 25 years, and enough to erase all homeowners’ premiums paid in Mississippi during the past 17 years, according to the Insurance Information Institute.

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