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The property losses sustained this past year from 37 catastrophes — the highest frequency in a decade — will likely cost U.S. P&C insurers billions of dollars. Indeed, a preliminary analysis conducted by ISO’s Property Claim Services Unit (PCS) predicts that P&C insurers will shell out $25.2 billion to homeowners and businesses for 2008 catastrophe losses. This figure represents the fourth highest cost in a decade.

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