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While 2011 produced significant insured losses from natural catastrophes, AIR Worldwide says in a recent report that it sees little evidence that catastrophes are becoming more frequent and severe, stating that increases in losses are primarily the result of having more exposures in catastrophe-prone areas.

“Even as companies understand the potential for loss years like 2011, they continue to question just what drives them,” says the report, “Taking a Comprehensive View of Catastrophe Risk Worldwide.”

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