Property insurance company failures declined 44 percent,dropping from 16 to nine in 2005, according to data from WeissRatings Inc.

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The Jupiter, Fla.-based company also reported that three lifeand health insurers failed, compared to four in 2004, while thenumber of HMO insolvencies remained level at three.

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"Our overall economic strength has contributed to solid industryperformances by banks, insurers and HMOs, creating a more favorableenvironment in which companies can operate," said Melissa Gannon,vice president of Weiss Ratings Inc.

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The five largest property-casualty companies which failedwere:

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o Realm National Ins. Co., New York, N.Y., $31.2 million inassets.

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o Senior Citizens Mutual Insurance Co., Miami, Fla., $21.9million in assets.

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o Reliant American Insurance Co., Fort Worth, Texas, $21.5million in assets.

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o South Carolina Insurance Co., Columbia, S.C., $19.3 million inassets.

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o Financial Insurance Company, Dallas, Texas, $10.6 million inassets.

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