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U.S. Must Brace For CATS Or Face Ruin: Study

Insurers going broke and a resultant national economic upheaval are "highly likely" unless state and federal governments, the public, and insurers take steps to reduce the impact of catastrophe

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Insurers going broke and a resultant national economic upheaval are “highly likely” unless state and federal governments, the public, and insurers take steps to reduce the impact of catastrophe losses, according to a consulting firm analysis.

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