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I.I.I. Examines Biggest Risks in 2006

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Claims News Service, Feb.7, 9:49 a.m. EST — What are the biggest potential risks for 2006? According to the Insurance Information Institute, which recently issued its annual Groundhog Day forecast, high on the list are exposure to catastrophic loss, which has superseded loss of pricing and underwriting discipline as the chief concern. Insurers also run the risk of overestimating the impact of 2005′s record catastrophe losses on the price and availability of coverage in 2006.

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