Seattle-based property and casualty insurance company Safeco reported approximately $30 million in pretax catastrophe losses due to the Pacific Northwest windstorm that ripped through the Puget Sound area during the 2006 holiday season.

The company estimated the storm losses based on property value, knowledge of severity and reporting patterns from past storms, damage projections based on wind speed, and anticipated costs for a surge in demand for goods and labor to complete repairs.

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