The 2005 storm season should not have been the surprise it wasto the insurance industry, according to a leading securities firmanalysis.

David Small, an analyst at Bear Stearns in New York, said thatscientists have been discussing storm frequency and severityincreases for quite some time now, while modelers have producedscenarios giving fairly accurate insight to potential losses fromlarge storms.

This input from modelers and scientists, he said, has beenhighlighted during a series of conference calls he has held overthe past several weeks, including one yesterday with AIR Worldwidemodeler Frank Fischer.

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