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Earnings for U.S. property/casualty insurers were down on catastrophe losses in the 2010 second quarter, but their capital positions remained solid, according to a report issued by Moody's Investors Service.

In a special report titled "U.S. P&C Insurers' 2Q10 Earnings Down on Catastrophe Losses; Capital Still Solid," Moody's said the results were not surprising.

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